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You are ready to put various realtors in the 19 detached, resident Selling time (in days) 0 to 10 11 to 21 22 to 32 33 to 43 44 to 54 Based on the freque use four or more de

You are ready to put various realtors in the 19 detached, resident Selling time (in days) 0 to 10 11 to 21 22 to 32 33 to 43 44 to 54 Based on the freque use four or more de

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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**Selling Time Analysis of Detached Houses** You are preparing to sell your house due to accepting a new job in another state. To ensure a swift sale, you are investigating the market performance with various realtors in the local area. According to the website HOME Realty, this frequency distribution summarizes the selling time (in days) for the last 19 detached residential houses they sold. **Table: Frequency Distribution of Selling Time** | Selling time (in days) | Frequency | |------------------------|-----------| | 0 to 10 | 3 | | 11 to 21 | 5 | | 22 to 32 | 7 | | 33 to 43 | 2 | | 44 to 54 | 2 | **Analysis Task:** Based on the frequency distribution provided, use the midpoint of each data class to estimate the mean selling time of the houses. For intermediate computations, utilize four or more decimal places. Finally, round your answer to one decimal place. **Educational Note:** Understanding frequency distributions is crucial for analyzing data effectively. This exercise helps in estimating central tendencies such as the mean, providing insights into market performance which can guide your selling strategy.
Transcribed Image Text:**Selling Time Analysis of Detached Houses** You are preparing to sell your house due to accepting a new job in another state. To ensure a swift sale, you are investigating the market performance with various realtors in the local area. According to the website HOME Realty, this frequency distribution summarizes the selling time (in days) for the last 19 detached residential houses they sold. **Table: Frequency Distribution of Selling Time** | Selling time (in days) | Frequency | |------------------------|-----------| | 0 to 10 | 3 | | 11 to 21 | 5 | | 22 to 32 | 7 | | 33 to 43 | 2 | | 44 to 54 | 2 | **Analysis Task:** Based on the frequency distribution provided, use the midpoint of each data class to estimate the mean selling time of the houses. For intermediate computations, utilize four or more decimal places. Finally, round your answer to one decimal place. **Educational Note:** Understanding frequency distributions is crucial for analyzing data effectively. This exercise helps in estimating central tendencies such as the mean, providing insights into market performance which can guide your selling strategy.
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