STAT TECH IN BUSINESS & ECON AC
STAT TECH IN BUSINESS & ECON AC
18th Edition
ISBN: 9781264731657
Author: Lind
Publisher: MCG
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Chapter 4, Problem 36DA

a.

To determine

Find the minimum value of home prices.

Find the maximum value of home prices.

Find the median of home prices.

Find the first quartile of home prices.

Find the third quartile of home prices.

Construct a boxplot of home prices.

Discuss about the distribution of home prices.

b.

To determine

Construct a scatter diagram for price and size of home.

Identify whether there is relationship between the variables or not.

Identify whether the is relationship is direct or indirect.

c.

To determine

Construct a scatter diagram for price and size of homes if homes are without pool.

Construct a scatter diagram for price and size of homes if homes are with pool.

Compare the relationship between the variables price and size if homes are without pool with homes having pool.

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STAT TECH IN BUSINESS & ECON AC

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