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Houses in California are expensive, especially on the Central Coast where the air is clear, the ocean is blue, and the scenery is stunning. The median home price in San Luis Obispo County reached a new high in July 2004, soaring to $452,272 from $387,120 in March 2004. (San Luis Obispo Tribune, April 28, 2004). The article included two quotes from people attempting to explain why the median price had increased. Richard Watkins, chairman of the Central Coast Regional Multiple Listing Services was quoted as saying, "There have been some fairly expensive houses selling, which pulls the median up." Robert Kleinhenz, deputy chief economist for the California Association of Realtors explained the volatility of house prices by stating: "Fewer sales means a relatively small number of very high or very low home prices can more easily skew medians." Are either of these statements correct? For each statement that is incorrect, explain why it is incorrect and propose a new wording that would correct any errors in the statement.
A certain model of remote-control Stanley garage door opener has nine binary (off/on) switches. The homeowner can set any code sequence.
Acknowledging that some bias is inevitable when information is required on such short notice, which of the four methods would you recommend that the television station use to get the information it desires? Explain.
1.i have fit the equation y 2.5 3x to a set of data. the residual for the point 5 10 isa.7.5.b.-7.5.c.-27.5.2.i have
a. What is a discrete random variable? b. Give an example of a discrete random variable that is continuous for practical purposes.
Using quadratic regression model find the estimated number of planes.
The average number of customer complaints at the Full Moon Motel is five per day. Find the probability that on a typical day, the motel will receive
The F-statistic value was 13.65 and the degrees of freedom were 74 for blocks, 2 for treatment, and 224 for total. What was the total sample size? Are the results of the ANOVA significant? Explain.
Inverse Normal, Standard Assume a standard Normal distribution. Draw a separate, well-labeled Normal curve for each part.
suppose the probability of a bike getting stolen in honolulu is 10 and 22 bikes are randomly selected in honolulu.1
the pulse rate per minute of adult males is normally distributed with a mean of 72 and a standard deviation of 12. if
a survey is planned to determine the mean annual family medical expenses of employees of a large company. the
What must be the minimum yield on investments to achieve a positive operating ratio?
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