The sales record of a real estate company for the month of May shows the following house prices (rounded to the nearest $1,000).
1 answer:
Answer:
see below
Step-by-step explanation:
a)
minimum = 45
first quartile = 55
median = 75
third quartile = 85
maximum = 95
lower fence = Q1 - 1.5 x IQR = 10
upper fence = Q3 + 1.5 x IQR = 130
Therefore, one outlier = 140
b) mean = sum of all numbers ÷ n = 760 ÷ 10 = 76 ($76,000)
There is an outlier (140). Outliers don't affect the median as much as they affect the mean.
c) see attached
d) negative skew
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Problem 13a
Each column of the table represents an (x,y) pairing. The first column has x = 0 and y = 2 so (0,2) is one point on this line. Since x = 0 here, this means that we have the y intercept. The y intercept is 2. We'll use this later.
Another point on this line is (3,8) which is drawn from the second column.
Use the two points (0,2) and (3,8) to find the slope m
m = (y2-y1)/(x2-x1)
m = (8-2)/(3-0)
m = 6/3
m = 2
Since the slope is 2 and the y intercept is 2 (see above), this means m = 2 and b = 2
Plug those into y = mx+b and we get y = 2x+2
Answer: y = 2x+2
==============================================
Problem 13b
(0,20) is on the line as the first column shows. The y intercept is 20 since x = 0 here. So b = 20
Another point on this line is (3,8) as drawn from the second column
Slope:
m = (y2-y1)/(x2-x1)
m = (8-20)/(3-0)
m = -12/3
m = -4
Use the slope (m = -4) and the y intercept (b = 20) to get...
y = mx+b
y = -4x+b ... replace m with -4
y = -4x+20 ... replace b with 20
Answer: y = -4x+20
==============================================
Problem 13c
(2,5) and (4,8) are on the line. These two points are drawn from columns 1 and 2 respectively.
Slope
m = (y2-y1)/(x2-x1)
m = (8-5)/(4-2)
m = 3/2
m = 1.5
Note: the fraction 3/2 is equivalent to the decimal form 1.5
Use the slope m = 1.5 along with (x,y) = (2,5) to find the value of b
y = mx+b
y = 1.5x+b ... m is replaced with 1.5
5 = 1.5*2+b ... plug in (x,y) = (2,5)
5 = 3+b
5-3 = 3+b-3
2 = b
b = 2
So we can now update y = mx+b to y = 1.5x+2
Answer: y = 1.5x+2
Note: If your teacher wants a fraction instead of a decimal (for the slope), then you would write
==============================================
Problem 13d
(0,20) is on the line. So the y intercept is 20, indicating that b = 20
(3,11) is also on the line
Again as done with 13a-13c, I'm only looking at the first two columns.
Slope
m = (y2-y1)/(x2-x1)
m = (11-20)/(3-0)
m = -9/3
m = -3
Therefore
y = mx+b
turns int
y = -3x+20
after replacing m and b with the values we found earlier
Answer: y = -3x+20
Each column of the table represents an (x,y) pairing. The first column has x = 0 and y = 2 so (0,2) is one point on this line. Since x = 0 here, this means that we have the y intercept. The y intercept is 2. We'll use this later.
Another point on this line is (3,8) which is drawn from the second column.
Use the two points (0,2) and (3,8) to find the slope m
m = (y2-y1)/(x2-x1)
m = (8-2)/(3-0)
m = 6/3
m = 2
Since the slope is 2 and the y intercept is 2 (see above), this means m = 2 and b = 2
Plug those into y = mx+b and we get y = 2x+2
Answer: y = 2x+2
==============================================
Problem 13b
(0,20) is on the line as the first column shows. The y intercept is 20 since x = 0 here. So b = 20
Another point on this line is (3,8) as drawn from the second column
Slope:
m = (y2-y1)/(x2-x1)
m = (8-20)/(3-0)
m = -12/3
m = -4
Use the slope (m = -4) and the y intercept (b = 20) to get...
y = mx+b
y = -4x+b ... replace m with -4
y = -4x+20 ... replace b with 20
Answer: y = -4x+20
==============================================
Problem 13c
(2,5) and (4,8) are on the line. These two points are drawn from columns 1 and 2 respectively.
Slope
m = (y2-y1)/(x2-x1)
m = (8-5)/(4-2)
m = 3/2
m = 1.5
Note: the fraction 3/2 is equivalent to the decimal form 1.5
Use the slope m = 1.5 along with (x,y) = (2,5) to find the value of b
y = mx+b
y = 1.5x+b ... m is replaced with 1.5
5 = 1.5*2+b ... plug in (x,y) = (2,5)
5 = 3+b
5-3 = 3+b-3
2 = b
b = 2
So we can now update y = mx+b to y = 1.5x+2
Answer: y = 1.5x+2
Note: If your teacher wants a fraction instead of a decimal (for the slope), then you would write
==============================================
Problem 13d
(0,20) is on the line. So the y intercept is 20, indicating that b = 20
(3,11) is also on the line
Again as done with 13a-13c, I'm only looking at the first two columns.
Slope
m = (y2-y1)/(x2-x1)
m = (11-20)/(3-0)
m = -9/3
m = -3
Therefore
y = mx+b
turns int
y = -3x+20
after replacing m and b with the values we found earlier
Answer: y = -3x+20
Answer:
2^3.3^2
Step-by-step explanation: