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Statistical Techniques in Business and Economics | 15th Edition | ISBN: 9780073401805 | Authors: Douglas Lind, William Marchal, Samuel Wathen
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Refer to the Real Estate data, which report information on homes sold in the Goodyear

Chapter 0, Problem 70

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QUESTION:

Refer to the Real Estate data, which report information on homes sold in the Goodyear, Arizona, area last year. a. Create a probability distribution for the number of bedrooms. Compute the mean and the standard deviation of this distribution. b. Create a probability distribution for the number of bathrooms. Compute the mean and the standard deviation of this distribution

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QUESTION:

Refer to the Real Estate data, which report information on homes sold in the Goodyear, Arizona, area last year. a. Create a probability distribution for the number of bedrooms. Compute the mean and the standard deviation of this distribution. b. Create a probability distribution for the number of bathrooms. Compute the mean and the standard deviation of this distribution

ANSWER:

Step 1 of 5

(a) Given,

Sample size,

The probability distribution for the number of bedrooms is,

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