Compute z-scores and use them to compare values from different data sets Question In a recent national survey, the mean price for a 2000 sq ft home in Florida is $240,000 with a standard deviation of $16,000. The mean price for the same sized home in Ohio is $170,000 with a standard deviation of $12,000. In which city would a home priced at $200,000 be closer to the mean price, compared to the distribution of prices in the city? Find the z-score corresponding to each city. Provide your answer below: Florida z-score: Ohio z-score:

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 22PFA
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Compute z-scores and use them to compare values from different data sets
Question
In a recent national survey, the mean price for a 2000 sq ft home in Florida is $240,000 with a standard deviation of
$16,000. The mean price for the same sized home in Ohio is $170,000 with a standard deviation of $12,000.
In which city would a home priced at $200,000 be closer to the mean price, compared to the distribution of prices in the
city?
Find the z-score corresponding to each city.
Provide your answer below:
Florida z-score:
Ohio z-score:
Transcribed Image Text:Compute z-scores and use them to compare values from different data sets Question In a recent national survey, the mean price for a 2000 sq ft home in Florida is $240,000 with a standard deviation of $16,000. The mean price for the same sized home in Ohio is $170,000 with a standard deviation of $12,000. In which city would a home priced at $200,000 be closer to the mean price, compared to the distribution of prices in the city? Find the z-score corresponding to each city. Provide your answer below: Florida z-score: Ohio z-score:
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