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?
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?
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?
What does the margin of error include? When a margin of error is reported for a survey, it includes
a. random sampling error and other practical difficulties like undercoverage and non-response
b. random sampling error, but not other practical difficulties like undercoverage and nonresponse
c. practical difficulties like undercoverage and nonresponse, but not random smapling error
d. none of the above is corret
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.