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Statistics / The Practice of Statistics 5 / Chapter 1.2 / Problem 71

The Practice of Statistics | 5th Edition | ISBN: 9781464108730 | Authors: Daren S. Starnes, Josh Tabor

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Multiple choice: Select the best answer for Exercises 69 to 74. You look at real estate

Chapter 1, Problem 71

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QUESTION:

Multiple choice: Select the best answer for Exercises 69 to 74. You look at real estate ads for houses in Naples, Florida. There are many houses ranging from $200,000 to $500,000 in price. The few houses on the water, however, have prices up to $15 million. The distribution of house prices will be (a) skewed to the left. (b) roughly symmetric. (c) skewed to the right. (d) unimodal. (e) too high.

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QUESTION:

Multiple choice: Select the best answer for Exercises 69 to 74. You look at real estate ads for houses in Naples, Florida. There are many houses ranging from $200,000 to $500,000 in price. The few houses on the water, however, have prices up to $15 million. The distribution of house prices will be (a) skewed to the left. (b) roughly symmetric. (c) skewed to the right. (d) unimodal. (e) too high.

ANSWER:

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There are many houses in 2mil to 5 mil range and few houses in 15 mil range.

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