Should mobile home selling considered an outlier

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Reference no: EM13150274

According to the U.S. Bureau of the Census Current Construction Report, the average price of a new mobile home in the western part of the United States during 1993 was $40,500. Assume the standard deviation was $8,500. Should a mobile home selling for $75,000 be considered an outlier? Explain why or why not.

Reference no: EM13150274

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