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Compute the standard deviation in listing prices

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Reference no: EM131645481

Question: The First City Real Estate Company lists and sells residential real estate property in and around Yuma, Arizona. At a recent company meeting, the managing partner asked the office administrator to provide a descriptive analysis of the asking prices of the homes the company currently has listed. This list includes 319 homes; the price data, along with other home characteristics, are included in the data file called First City Real Estate. These data constitute a population.

a. Compute the mean listing price.

b. Compute the median listing price.

c. Compute the range in listing prices.

d. Compute the standard deviation in listing prices.

e. Write a short report using the statistics computed in parts a-d to describe the prices of the homes currently listed by First City Real Estate.

Reference no: EM131645481

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