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3 years ago

Use the hypothetical data in the table to answer the questions.

Business

1 answer:

nalin [4]3 years ago

8 0

Solution:

1. The average snowfall in cincinnati over this period was 28 inches.

In the city cincinnati, snowfall (inches) in january and february is 18 and 38 respectively :

Average snowfall = {18+38}/{2} = 28 inches

2. If the march data on snowfall is above the average (i.e 28 inches), The monthly average will rise.

If the march data on snowfall is above the average snowfall in January and February (i.e 28 inches), the monthly average will rise because, any snowfall data in march which is greater than 28 inches will lead to rise in monthly average.

For e.g , suppose, If we consider snowfall (inches) in march is 30 inches, than monthly average is :

Monthly average snowfall= {18+38+31} / {3}= 29 inches

which is greater than 28 inches.

Therefore, If the march data on snowfall is above the average (i.e 28 inches), The monthly average will rise.

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The value of the subject land is $84,000.

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<em>Your question is incomplete. Please read below to find the missing content.</em>

The subject property has a total value of $280,000 by the sales comparison approach. A competitive neighborhood nearby has home sales with a median value of $250,000, and recent lot sales at $75,000. By allocation, what would be the value of the subject land?

$68,000

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Learn more about statistics here: brainly.com/question/4219149

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