919/18 6:43 PM Score: 0 of 1 pt 1 of 3 (0 complete) HN Score: 0%, 0 of 3 pts 3.1

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919/18 6:43 PM Score: 0 of 1 pt 1 of 3 (0 complete) HN Score: 0%, 0 of 3 pts 3.1-2.9 Question Help According to a government's census bureau, in February 2010,the median sales price of new houses was $220.500 and the mean sales price a. Interpret the median sales price b. Interpret the mean sales price c. Discuss the shape of the distribution of the price of new houses a. Choose the correct answer below O A. Half of the prices for a new house are smaller than $282,600, and the other haif of the prices for a new house are larger than $282 600 O B. Half of the prices for a new house are smaller than or equal to $220.500, and the other halif the prices for a new house are larger than or equal to $220,500 O c. Half of the prices for a new house are smaller than S220.500, and the other half of the pnces for a new house are larger than S220.500 O D. Half of the prices for a new house are smaller than or equal to $282 600, and the other haif the prices for a new house are larger than or equal to $282,600 Click to select your answer and then click Check Answer Clear All

Explanation / Answer

Solution:-

a) (A) Half of the prices for a new house are smaller than $282,600 and other half of the prices for a new house are larger than 282,600.

b) The average of all the prcies of the new houses is $282,600.

c) The shape of the distribution of the price of the new houses is right skewed distribution since the mean is larger than median.

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