Concept explainers
To identify the mean and
Answer to Problem 93E
Mean = 276200 and median = 234200
Explanation of Solution
Given:
The mean and median price of houses is 276200 and 234200.
The distribution of prices of house are expected to be positively skewed because the must be some houses whose price is comparatively higher than the rest of the values. It indicates the tail of the distribution of house price is considerably larger towards the right side.
When the data positively skewed the value of mean is always greater than the median. Therefore, Mean = 276200 and Median = 234200.
Chapter 1 Solutions
PRACTICE OF STATISTICS F/AP EXAM
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