The table shows the number of days on the market for the 36 recent home sales in the city of Sonando Hills. 75 47 88 143 15 93 163 105 13 178 174 81 84 129 109 172 27 133 109 87 116 51 131 87 127 176 78 129 163 109 17 17 13 Doicture Click here for the Excel Data File (a1) Construct a frequency distribution and histogram, using nice (round) bin limits. (Round your "percent" answers to 1 decim place.) Days on market Midpoint cumulative Frequency Lower Upper 60 Width Frequency Percent Percent 40
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.
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