Concept explainers
To find: The correct option describing the distribution of home prices in Sarasota.
Answer to Problem 1PT1
Option d is correct.
Explanation of Solution
Given information:
Highest range of prices where in few of them were
Concept used:
If a distribution is positively skewed,
Here, most of the prices are ranging between
So, the distribution is skewed to the right, which mean that the home prices are positively skewed.
Using the concept aforementioned, the mean prices will shift to the right
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