Answered: Assuming that the sampled homes for… | bartleby

MATLAB: An Introduction with Applications

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

Table 1: A random sampling of 30 homes in the Winston-Salem area.
Price
Size
(single- or multi-level)
178,900
1
218,000
239,900
1
142,000
1
183,200
279,600
199,900
2
2
314,900
130,000
2
339,900
200,000
254,900
293,500
1
2
1
2
225,000
2
249,900
2
145,000
1
284,900
259,900
1
1
165,000
277,900
210,000
1
2
285,000
174,900
195,000
1
289,900
2
225,000
2
179,000
248,900
1
2
209,900
2
225,000

Assuming that the sampled homes for sale are uniformly distributed throughout Winston-Salem and that the number of floors a house has does not affect its likelihood to
sell, estimate the population proportion of single-floor homes in the area. (Round to two decimal places.)
p' = ???

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