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lions [1.4K]
3 years ago
5

For each of the following, state whether you expect the distribution to be symmetric, right skewed, or left skewed. Also specify

whether the mean or median would best represent a typical observation in the data, and whether the variability of observations would be best represented using the standard deviation or IQR. Explain your reasoning. Housing prices in a country where 25% of the houses cost below $350,000, 50% of the houses cost below $450,000, 75% of the houses cost below $1,000,000 and there are a meaningful number of houses that cost more than $6,000,000.
Business
1 answer:
olga2289 [7]3 years ago
8 0

Answer:

I have solved part a) because question contains only part a) however it has 3 more parts as well but that are not mentioned in the question. Part a) is explained below.

Explanation:

a) The distribution should be right skewed as most of the numbers lies at that side while using the median to correctly represent an observation in the distribution.

To represent the variability of the observations, interquartile range could be used. Since, there is a good number of expensive houses and this would increase the mean and standard deviation. So, it is better to use interquartile range to represent it, i.e. upper quartile for expensive houses, and lower quartile for less expensive houses and middle quartile for mid-range priced houses.

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increased production of studs and spikes around the world

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The production of hese new designs have a direct correlation with the production of studs and spikes around the world

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Answer:

Journal Entries:

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Debit Inventory $7,500

Credit Accounts Payable (Silton Wholesalers) $7,500

To record the purchase of merchandise on account.

Sep. 4:

Debit Freight on Inventory $50

Credit Cash Account $50

To record freight on purchase.

Sep. 4:

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Sep. 6:

Debit Accounts Payable (Silton Wholesalers) $1,100

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Sep. 8:

Debit Accounts Receivable (Houston Company) $6,100

Credit Sales Revenue $6,100

To record the sale of merchandise on account.

Sep. 13:

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To record the allowance received.

Sep. 15:

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To record the sale of merchandise on account.

Sep. 22:

Debit Accounts Payable (Tarin Wholesalers) $

Credit Cash $

For alleged goods purchased on September 9 (not in the records).

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Debit Cash Account $2,400

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To record receipt from Jex Company in full settlement.

Explanation:

Company B uses the journal entries to initially record business transactions as they occur on a daily basis.  They show the accounts to be debited and the ones to be credited.

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3 years ago
The market interest rate related to a bond is also called the Group of answer choices stated interest rate effective interest ra
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Effective Interest Rate

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Effective Interest Rate

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