3rd Edition

ISBN: 9780135163146

Author: Gould

Publisher: PEARSON

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Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative p…

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Textbook Question

Chapter 3, Problem 24SE

Home Prices (FL and GA) The prices (in $ thousand) of a sample of three-bedroom homes for sale in Florida and Georgia are shown in the table. (Source: Zillow.com)

a. In which state are homes typically more expensive? Support your answer using an appropriate statistic.

b. Which state has more variation in home prices? Support your answer using an appropriate statistic.

c. Notice that one home price in the Florida data ( $ 432.4 thousand) seems unusually high when compared with the other home prices. What would happen to the standard deviation if this home price was removed from the data? Calculate the standard deviation, omitting this value from the data. Was your prediction correct?

Chapter 3, Problem 24SE, Home Prices (FL and GA) The prices (in $ thousand) of a sample of three-bedroom homes for sale in

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Chapter 3, Problem 23SE

Chapter 3, Problem 25SE

Chapter 3 Solutions

INTRODUCTORY STATISTICS (LOOSELEAF)

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