For a sample of 36 houses, what would you expect the distribution of the sale pr

Question

For a sample of 36 houses, what would you expect the distribution of the sale prices to be? A real-estate agent been assigned 10 houses at random sell this month she wants houses is typical. What, if anything, does she need to assume about the distribution of prices to be able to use the Central Limit Theorem? Are those assumptions reasonable? Prices cannot be less than 0, but there is nothing to prevent some from being expensive, so they are to be skewed to right Prices tend to increase over time, so the distribution likely will be skewed to the right. Prices follow a Poisson distribution because price is discrete. Prices tend to be about the same in any given area, so the distribution is probably uniform. What assumptions, if any, need to be made to be able to use the Central Limit Theorem? Select all that apply The prices must be assumed to be randomly selected. The prices must be assumed to be independent. The distribution of prices must be assumed to be not too skewed and without outliers No assumptions are needed. Are the assumptions reasonable? Select all that apply. It is not reasonable to assume that there are outliers It is not reasonable to assume the prices are independent It is not reasonable to assume the houses are randomly selected No assumptions are needed.

Explanation / Answer

1) option A is correct

2)option A, B and C are correct

3)option A and B are correct for we can select houses randomly

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