Question

You are looking for a home in a particular neighborhood, and you want to know the...

You are looking for a home in a particular neighborhood, and you want to know the typical number of bathrooms and bedrooms, the square footage, and the appraised value of houses in that neighborhood. Which measure of central tendency (mean, median, or mode) would be the most appropriate for each piece of information listed, and why? provide with sources at least 2

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

ANSWER::

Typical no. of bathrooms and bedrooms: I'll use median because the distribution of number of bathrooms and bedrooms is not symmetric. And median remains unaffected by the skewness of the distribution.

Square footage: I'll use mode as it represents the most occurred value. So, I can get idea of square footage.

Appraised value of house: I'll use mean to get average value.

NOTE:: I HOPE YOUR HAPPY WITH MY ANSWER....***PLEASE SUPPORT ME WITH YOUR RATING...

***PLEASE GIVE ME "LIKE"...ITS VERY IMPORTANT FOR ME NOW....PLEASE SUPPORT ME ....THANK YOU

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You are looking for a home in a particular neighborhood, and you want to know the...
You are looking for a home in a particular neighborhood, and you want to know the typical number of bathrooms and bedrooms, the square footage, and the appraised value of houses in that neighborhood. Which measure of central tendency (mean, median, or mode) would be the most appropriate for each piece of information listed, and why?
Home Prices - $144,277 $149,000 $159,000 $169,000 $174,900 $179,000 $189,000 $195,000 $200,000 $209,000 Mean = $177,087.70...
Home Prices - $144,277 $149,000 $159,000 $169,000 $174,900 $179,000 $189,000 $195,000 $200,000 $209,000 Mean = $177,087.70 Median = $176,950 Mode = None 1. Which measure of central tendency do you feel best represents the typical home price meeting those criteria? 2. Why? 3. Why are the measures of central tendency the same or different?
When looking at a histogram how do you know the best central tendency meannor median?
When looking at a histogram how do you know the best central tendency meannor median?
You run a small cafe, and you want to know whether the cafe’s typical daily income...
You run a small cafe, and you want to know whether the cafe’s typical daily income is greater than $200. So, you gather data on the income from 30 randomly selected days, and you want to test ?0:?=200 ??:?>200 A histogram shows that the data in your sample is slightly skewed. You do not know the true, long-term standard deviation of your cafe’s income. Which of the following methods would be appropriate to compute a p-value for the hypothesis test...
2a.) You want to know if people's age (in years) is related to the amount of...
2a.) You want to know if people's age (in years) is related to the amount of time they spend on social media (hours per week). You collect a sample of 200, and measure both variables. What kind of statistical test does this call for? ANOVA Independent Samples t-test Correlation Chi-square for independence Single Mean Dependent Samples t-test Chi-square for goodness of fit 2b.) Then Imagine you have conducted the appropriate test for the above design, with α = .05 and...
1a.) You want to know if an exercise intervention and a positive psychology intervention can work...
1a.) You want to know if an exercise intervention and a positive psychology intervention can work together to increase happiness (measured on a scale from 1-20). You assign participants to either the exercise or no exercise group, and to either the psychology intervention or no psychology intervention group. What kind of statistical test does this call for? Chi-square for independence Dependent Samples t-test Correlation ANOVA Independent Samples t-test Chi-square for goodness of fit Single Mean 1b.) Imagine you have conducted...
Question 2 (1 point) While attempting to measure its risk exposure for the upcoming year, an...
Question 2 (1 point) While attempting to measure its risk exposure for the upcoming year, an insurance company notices a trend between the age of a customer and the number of claims per year. It appears that the number of claims keep going up as customers age. After performing a regression, they find that the relationship is (claims per year) = 0.272*(age) + 2.606. If a customer is 57 years old, how many claims would you expect them to make...
(15%) For Applied Management Statistics class you want to know how college students feel about the...
(15%) For Applied Management Statistics class you want to know how college students feel about the transportation system in Barcelona. What is the population in this study? What type of sample would you use and why? (25%) A manager of an e-commerce company would like to determine average delivery time of the products. A sample of 25 customers is taken. The average delivery time in the sample was four days. Suppose the delivery times are normally distributed with a standard...
Florida Now Real Estate (45 pts) Tanya Pierce, President and owner of Florida Now Real Estate...
Florida Now Real Estate (45 pts) Tanya Pierce, President and owner of Florida Now Real Estate is seeking your assistance in designing a database for her business. One of her employees has experience in developing and implementing Access-based systems, but has no experience in conceptual or logical data modeling. So, at this point Tanya only wants you to develop a conceptual data model for her system. You are to use our entity-data diagramming notation - Crows foot symbols. Tanya has...
1. A city official claims that the proportion of all commuters who are in favor of...
1. A city official claims that the proportion of all commuters who are in favor of an expanded public transportation system is 50%. A newspaper conducts a survey to determine whether this proportion is different from 50%. Out of 225 randomly chosen commuters, the survey finds that 90 of them reply yes when asked if they support an expanded public transportation system. Test the official’s claim at α = 0.05. 2. A survey of 225 randomly chosen commuters are asked...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT