Modal selling price of houses

Assignment Help Basic Statistics
Reference no: EM1391842

The construction costs (N'000s) and selling prices (N'000s) of new houses in the Coal City were as follows in 1988:

Cost/House Selling Price Number of Houses

30 - 40 45 - 55 181
41 - 51 56 - 66 326
52 - 62 67 - 77 300
63 - 73 78 - 88 175

(a) Find the median cost of houses at Coal City in 1988.

(b) Find the modal selling price of houses at Coal City in 1988.

Reference no: EM1391842

Questions Cloud

Distribution of the sales representatives salaries : Explain what these terms mean in describing the distribution of the sales reps' salaries.
Explain skills as storytellers-learning the basic elements : We hone our skills in thinking and seeing rhetorically. We also practiced using our descriptive powers, striving to show the reader our place in both the positive and negative paragraphs.
Normal and curved distributions : Critically discuss the concept of the normal distribution, why it is important, and what you think it means. When students talk about "grading on the curve," how does that apply to the normal distribution?
Immediate spatial relationship of the left kidney : Determine what of the following describes the immediate spatial relationship of the left kidney to other structers on posterior abdominal?
Modal selling price of houses : (a) Find the median cost of houses at Coal City in 1988. (b) Find the modal selling price of houses at Coal City in 1988.
Exponential and normal distributions : he Department of Motor Vehicles (DMV) can service customers at a rate of 20 per hour (or 1/3 per minute) when it comes to license renewals. The service time follows an exponential distribution.
Surgeon pulls a loop of bowel : In surgery, a surgeon pulls a loop of bowel through a 4.2 inch incision in linea alba and inspected the surface. There were smally fatty appendages hanging around length of piece of bowel.
Compute the modal and median incomes : (a) Compute the arithmetic mean of the subscribers' incomes. (b) Compute the modal and median incomes.
Standardized to normal model with mean : Some IQ tests are standardized to normal model with mean of 100 and the standard deviation of 16. Draw a model for these IQ scores, clearly label it , showing what the 65-95-99.7 rule predicts about the score.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Observational and sample study

A statistics instructor wants to know which route will get her to school the fastest. Each day from October 2 to November 15, when she gets to the turn point she checks the odometer on her car

  Margin of error based on the single population mean

Summarize the relationship between sample size and confidence level.

  Find a confidence interval for the difference

There were 3 defectives in the first batch and 5 in the second. Find a 95% confidence interval for the difference in the proportion of defectives.

  Expected profit-expected loss and required probability

What is the probability that Sara will die in her 60 th  year? Using this probability and the $50,000 death benefit, what is the expected loss to Big Rock Insurance?

  Setting hypotheses for computing population variance

Set up hypotheses and test to find out whether or not population variance is larger than $100.

  Runs mug shots of wanted criminals

In Colorado Springs the newspaper runs mug shots of wanted criminals. The 17% of those published are arrested through information provided to the police. If 200 are published, find the probability that less than 30 are arrested.

  Mean difference test

How can you or your department decide whether or not the variation is important? How could using a mean difference test help?

  Formulating the hypotheses-validity of the brokerage

Formulate the hypotheses that can be used to test the validity of the brokerage firm executive's claim.

  Slope of the regression model

Use the t test to determine whether the slope of the regression model is significant at α = 0.05.

  Determining the mean for list of numbers

Determine the mean for list of numbers. 6,  5,  9,  4,  14,  9 (Round to the nearest tenth)

  Any significant difference among two proportions

To test is there any significant difference among two proportions. The Damon family owns a large grape vineyard in western New York along Lake Erie.

  Distributed with a population standard deviation

Suppose the weights of full boxes of a certain kind of cereal are normally distributed with a population standard deviation of 0.29 ounces.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd