Analyze the data and chart below. The mean price for home sales is approximately $420,000. The standard deviation is approximately $312,000.What does the $312,000 tell us about the data? Home Sales$250,000BakerLemmer $485,000Pedersen $1,100,000$351,000$278,500$470,000$390,010$22,500MillerCamdenCastleYoungKent$1,200,000$1,000,000ĒNU$800,000$600,000$400,000$200,000Home Sales$0Baker Lemmer Pedersen Miller Camden CastleHome OwnersYoungKent

Given information: The data is given related to price for home sales Mean=$420,000.Standard…

Answered: Analyze the data and chart below. The…

Analyze the data and chart below. The mean price for home sales is approximately $420,000. The standard deviation is approximately $312,000. What does the $312,000 tell us about the data?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

Analyze the data and chart below. The mean price for home sales is approximately $420,000. The standard deviation is approximately $312,000.

What does the $312,000 tell us about the data?

Home Sales
$250,000
Baker
Lemmer $485,000
Pedersen $1,100,000
$351,000
$278,500
$470,000
$390,010
$22,500
Miller
Camden
Castle
Young
Kent
$1,200,000
$1,000,000
ĒNU
$800,000
$600,000
$400,000
$200,000
Home Sales
$0
Baker Lemmer Pedersen Miller Camden Castle
Home Owners
Young
Kent

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