Introduction To Statistics And Data Analysis
Introduction To Statistics And Data Analysis
6th Edition
ISBN: 9781337794503
Author: PECK
Publisher: Cengage
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Chapter 4.1, Problem 11E

Houses in California are expensive, especially on the Central Coast where the air is clear, the ocean is blue, and the scenery is stunning. The median home price in San Luis Obispo County reached a new high in July 2004, soaring to $452,272 from $387,120 in March 2004 (San Luis Obispo Tribune, April 28, 2004).

The article included two quotes from people attempting to explain why the median price had increased. Richard Watkins, chairman of the Central Coast Regional Multiple Listing Services was quoted as saying, “There have been some fairly expensive houses selling, which pulls the median up.”

Robert Kleinhenz, deputy chief economist for the California Association of Realtors explained the volatility of house prices by stating: “Fewer sales means a relatively small number of very high or very low home prices can more easily skew medians.”

Are either of these statements correct? For each statement that is incorrect, explain why it is incorrect and propose a new wording that would correct any errors in the statement.

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Chapter 4 Solutions

Introduction To Statistics And Data Analysis

Ch. 4.1 - Houses in California are expensive, especially on...Ch. 4.1 - Consider the following statement: More than 65% of...Ch. 4.1 - A sample consisting of four pieces of luggage was...Ch. 4.1 - Suppose that 10 patients with meningitis received...Ch. 4.1 - A study of the lifetime (in hours) for a certain...Ch. 4.1 - An instructor has graded 19 exam papers submitted...Ch. 4.2 - The following data are costs (in cents) per ounce...Ch. 4.2 - Cost per serving (in cents) for six high-fiber...Ch. 4.2 - Combining the cost-per-serving data for high-fiber...Ch. 4.2 - Prob. 20ECh. 4.2 - The accompanying data are consistent with summary...Ch. 4.2 - The paper referenced in the previous exercise also...Ch. 4.2 - The price (in dollars) of the eight smart phones...Ch. 4.2 - In addition to the prices of the highly rated...Ch. 4.2 - In an experiment to assess the effect of listening...Ch. 4.2 - The paper referenced in the previous exercise also...Ch. 4.2 - The accompanying data on number of minutes used...Ch. 4.2 - Give two sets of five numbers that have the same...Ch. 4.2 - Morningstar is an investment research from that...Ch. 4.2 - The U.S. Department of Transportation reported the...Ch. 4.2 - The Ministry of Health and Long-Term Care in...Ch. 4.2 - In 1997, a woman sued a computer keyboard...Ch. 4.2 - The standard deviation alone does not measure...Ch. 4.3 - Based on a large national sample of working...Ch. 4.3 - The report Most Licensed Drivers Age 85+: States...Ch. 4.3 - Data on the gasoline tax per gallon (in cents) in...Ch. 4.3 - The U.S. Department of Health and Human Services...Ch. 4.3 - Fiber content (in grns per serving) for 18 high...Ch. 4.3 - In addition to the fiber contents given in the...Ch. 4.3 - Use the fiber content and sugar content data given...Ch. 4.3 - The article The Bestand WorstPlaces to be a...Ch. 4.4 - The average playing time of music albums in a...Ch. 4.4 - In a study investigating the effect of car speed...Ch. 4.4 - The U.S. Census Bureau (2000 census) reported the...Ch. 4.4 - For the travel time distribution given in the...Ch. 4.4 - Use the information given in the previous two...Ch. 4.4 - Mobile homes are tightly constructed for energy...Ch. 4.4 - The article Impact of Berkeley Excise Tax on...Ch. 4.4 - A student took two national aptitude tests. The...Ch. 4.4 - Suppose that your younger sister is applying for...Ch. 4.4 - The report Who Borrows Most? Bachelors Degree...Ch. 4.4 - The paper Study of the Flying Ability of...Ch. 4.4 - Suppose that the manufacturer of a scale claims...Ch. 4.4 - Suppose that your statistics professor returned...Ch. 4.4 - The paper Answer Changing in Multiple Choice...Ch. 4.4 - Suppose that the average reading speed of students...Ch. 4.4 - The following data values are 2014 per capita...Ch. 4.4 - The accompanying table gives the mean and standard...Ch. 4.5 - The authors of the paper Delayed Time to...Ch. 4.5 - The paper Portable Social Groups: Willingness to...Ch. 4 - Acrylamide (a possible cancer-causing substance)...Ch. 4 - Prob. 62CRCh. 4 - Because some homes have selling prices that are...Ch. 4 - Although bats are not known for their eyesight,...Ch. 4 - For the data in the previous exercise, subtract 10...Ch. 4 - For the data of Exercise 4.64, multiply each data...Ch. 4 - The Bloomberg web site included the data in the...Ch. 4 - Refer to the data given in the previous exercise....Ch. 4 - Age at diagnosis for each of 20 patients under...Ch. 4 - Suppose that the distribution of scores on an exam...

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