1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
During the​ year, credit sales were​ $820,000. Cash collected on credit sales was​ $750,000, and​ $15,000 was written off. Smoot
KengaRu [80]

Answer:

$37,000

Explanation:

The computation of the bad debt expense is shown below:

= Amount estimated as uncollectible + written off amount - credit balance of allowance for bad debts

= $28,000 + $15,000 - $6,000

= $37,000

We simply applied the above formula to determine the bad debt expense. Hence, all other information which is given is not relevant therefore, ignored it  

3 0
3 years ago
True or false: if the sales comparison approach cannot be developed because of a lack of sales data, the cost approach cannot be
vfiekz [6]

This is very true, no explanation

3 0
1 year ago
What happens to the APR after 10 months<br>​
Karo-lina-s [1.5K]

Answer: Once your 0% introductory APR period is over, you'll be charged a new interest rate and may even owe interest on any unpaid balance from before.

Explanation:

i think that's what you mean

3 0
2 years ago
Consider the economies of Sporon and Gribinez, both of which produce agricultural products using only land and labor. The follow
dusya [7]

Answer:

Sporon

2020 $15

2021   $14

2022  $12

2023  $10

Gribinez

2020 $9

2021  $10

2022  $11

2023  $12

Real GDP per capita rose from 2020 to 2023 as population increased.

Explanation:

Real Per capita GDP measures the standard of living of the people in a country. The higher the Real Per capita GDP, the higher the standard of living

Real Per capita GDP = Real GDP / population

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

Sporon

2020 : $15,000 / 1000 = $15

2021:  $28,000 / 2000 =    $14

2022 :  $36,000 /3,000 =  $12

2023: $40,000/4000 =  $10

Gribinez

2020  : $4500 / 500= $9

2021 : $10,000 / 1000 = $10

2022 $16,500 / 1500=  $11

2023: $24,000 / 2000 =  $12

The real GDP per capita of Gribinez rose from 2011 to 2014 as population increased because the rate of increase of real GDP per capita was higher than the rate of increase in population

Rate of increase of population in 2022 = (1500 / 1000) - 1 = 0.5 = 50%

Rate of increase in Real GDP in 2022 = (16500 / 10,000) - 1 = 0.65 = 65%

7 0
3 years ago
Swifty Corporation had 197000 shares of common stock, 19200 shares of convertible preferred stock, and $1503000 of 4% convertibl
kicyunya [14]

Answer:

d. $2.18

Explanation:

The answer with detailed working is attached.

Download xlsx
8 0
3 years ago
Other questions:
  • What is corporate image or corporate identity
    13·1 answer
  • The following information is available for Crane Company: Sales $480000 Total fixed expenses $150000 Cost of goods sold 290000 T
    15·1 answer
  • Which model of decision making explains how managers should use logic to determine the optimal means of furthering the organizat
    6·1 answer
  • According to the information presented in this​ video, porter's five forces model is used to evaluate an​ organization's _____.
    15·1 answer
  • In your opinion how have human rights changed from the industrial revolution till the modern economy of today
    9·1 answer
  • Within which time period must a Purchase Money Security Interest ("PMSI") creditor in goods, other than inventory or livestock,
    7·1 answer
  • A production facility employs 10 workers on the day shift, 8 workers on the swing shift, and 6 workers on the graveyard shift. A
    9·1 answer
  • Online Gourmet is an online business that provides customers with recipes and all the ingredients needed to prepare a meal. This
    13·1 answer
  • Item 1 Manufacturing overhead was estimated to be $629,300 for the year along with 20,300 direct labor hours. Actual manufacturi
    13·1 answer
  • On January 2, 2019, Twilight Hospital purchased a $96,400 special radiology scanner from Crane Inc. The scanner had a useful lif
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!