From 2009 to 2010, the price of housing in the United States dropped. The data below shows the average price of a house in two metropolitan areas. Using the information in the table to determine the absolute change and the relative change in the average price of a home from 2009 to 2010 for both Tucson and Seattle. Round any percentage
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
From 2009 to 2010, the price of housing in the United States dropped. The data below shows the average price of a house in two metropolitan areas. Using the information in the table to determine the absolute change and the relative change in the average price of a home from 2009 to 2010 for both Tucson and Seattle. Round any percentage answers to the nearest tenth of a percent.
| Location | 2009 | 2010 | Absolute Change | Relative Change |
| Tucson, AZ | $172,500 | $156,600 | ||
| Seattle, WA | $306,200 | $295,700 |
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