Solution-Compute standard deviation of the maximum price x

Compute standard deviation of the maximum price x

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Reference no: EM131559475

Question: HOUSING PRICES A survey was conducted by the market research department of the National Real Estate Company among 500 prospective buyers in a large metropolitan area to determine the maximum price a prospective buyer would be willing to pay for a house. From the data collected, the distribution that follows was obtained. Compute the mean, variance, and standard deviation of the maximum price x (in thousands of dollars) that these buyers were willing to pay for a house.

Reference no: EM131559475

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Compute standard deviation of the maximum price x

Reference no: EM131559475

Reference no: EM131559475

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