Selling Real Estate
Assume you are a realtor in Bradenton, Florida. You have recently obtained a listing of the selling prices of the homes that have sold in that area in the last 6 months. You wish to organize those data so you will be able to provide potential buyers with useful information. Use the following data to create a histogram, frequency
1. What questions could be answered more easily by looking at the histogram rather than the listing of home prices?
2. What different questions could be answered more easily by looking at the frequency polygon rather than the listing of home prices?
3. What different questions could be answered more easily by looking at the cumulative frequency polygon rather than the listing of home prices?
4. Are there any extremely large or extremely small data values compared to the other data values?
5. Which graph displays these extremes the best?
6. Is the distribution skewed?
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Elementary Statistics: A Step By Step Approach
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