Calculate mean selling price, Business Management

Suppose you are investigating selling prices of properties. You have obtained summary measures for a random sample of 500 properties. The mean selling price was $520,000 while the median was $410,000. The highest and lowest selling prices were $850,000 and $250,000, respectively.

(a) Is the distribution of property prices symmetric, right-skewed or left-skewed? How many properties in the sample sold for less than $410,000? Explain how you know.

(b) Based on the given information, can you determine how many properties sold for more than $520,000? Why or why not? Explain

 

Posted Date: 2/25/2013 4:17:18 AM | Location : United States







Related Discussions:- Calculate mean selling price, Assignment Help, Ask Question on Calculate mean selling price, Get Answer, Expert's Help, Calculate mean selling price Discussions

Write discussion on Calculate mean selling price
Your posts are moderated
Related Questions
using as exsiting company write on how organizational behaviour can play a major role in the company''s organizational development enhancing organizational performence as well as i

? A) Concentrating on a particular feature of a product or service to attain differentiation ? B) Concentrating on differentiation as the primary means of achieving competitive

QUESTION In 1972, Malcolm McLuhan called the world a "global village". According to the author, we are now living in a historical era characterized by the abundance of internat

What strategies might be used in gaining acceptance for an OD program

explain time series and its usefulness

What are the causes of labour turnover? Causes of Labour Turnover: 1. Voluntary withdrawals through the worker 2. Lay-offs because of seasonal nature of industry, fuel

How can a leader or fonder help create a strong culture in an organization? Can any founder create a culture? Explain.


Assuming that you are running the e-business department of an organization, reference to the elements of the Micro and Macro environments of e-business, how are you going to deal w

QUESTION (a) Explain the difference between countries with high context and low context cultures. Also describe what managers operating in international environments need to p