Create a probability distribution for the number of bedrooms

Assignment Help Finance Basics

Reference no: EM13947429

Refer to the Real Estate data, which report information on homes sold in the Phoenix, 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. 54. Refer to the Real Estate data, which report information on homes sold in the Phoenix, Arizona, area during the last year.

a. The mean selling price (in $ thousands) of the homes was computed earlier to be $221.10, with a standard deviation of $47.11.

Use the normal distribution to estimate the percent of homes selling for more than $280.0. Compare this to the actual results. Does the normal distribution yield a good approximation of the actual results? b. The mean distance from the center of the city is 14.629 miles with a standard deviation of 4.874 miles. Use the normal distribution to estimate the number of homes 18 or more miles but less than 22 miles from the center of the city. Compare this to the actual results. Does the normal distribution yield a good approximation of the actual results?

Reference no: EM13947429

Questions Cloud

Describes how malicious code can get on your company : Which statement best describes the advantages of public key encryption?

Evidence plays a critical role in auditing : Evidence plays a critical role in auditing. Without quality evidence, auditors cannot arrive at the right conclusions about audit objectives. Evidence can be considered strong if it is persuasive. Persuasiveness, in turn, can be achieved if the ev..

What growth rate is expected for the company stock price : The stock price of Jenkins Co. is $53.90. Investors require a 13 percent rate of return on similar stocks. If the company plans to pay a dividend of $3.60 next year, what growth rate is expected for the company’s stock price?

Uniform heat generation within the shells : If there is uniform heat generation within the shells, obtain expressions for the steady-state, one-dimensional radial distributions of the temperature, heat flux, and heat rate. Contrast your results with those summarized in Appendix C.

Create a probability distribution for the number of bedrooms : Use the normal distribution to estimate the number of homes 18 or more miles but less than 22 miles from the center of the city. Compare this to the actual results. Does the normal distribution yield a good approximation of the actual results?

What is the risk-neutral probability : A stock price is currently $100. Over each of the next two six-month periods it is expected to go up by 10% or down by 9%. The risk-free interest rate is 5%. What is the risk-neutral probability?

Modality for destroying malignant tissue : One modality for destroying malignant tissue involves imbedding a small spherical heat source of radius ro within the tissue and maintaining local temperatures above a critical value Tc for an extended period. Tissue that is well removed from the sou..

The correlation between stocks : The correlation between stocks A and B is equal to the:

What is the expected return on an equally weighted portfolio : Rate of Return if State Occurs State of Economy Probability of State of Economy Stock A Stock B Stock C Boom 0.76 0.11 0.31 0.07 Bust 0.24 0.15 0.13 0.19. What is the expected return on an equally weighted portfolio of these three stocks?

User Account

All Pages