Is the mean or median a better measure of center for this data set? Why?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section2.1: Equations
Problem 75E
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Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
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Question
Is the mean or median a better measure of center for this data set? Why?
Transcribed Image Text:160000
E
1 Bedrooms Baths Quadrani Nvice
2 NW
1 NW
15 NW
2 SW
2 NW
2 NW
G
H.
M.
P
Aze
T.
31
14500
124
price
18000
25000
25000
17000
3.
68000
370
Mean
4.
5.
31
115000
69000
126698
Standare 5635.677472
1130
3
1120
1710
Median
123750
137000
Standare 56356.77472
6.
163000
14000
Mode
House Price vs Size
69900
50000
137000
121300
70000
64500
167000
114600
103000
1010
21
8000
15300
2 NW
860
1420
1270
1160
1220
1690
1380
1590
1050
IN
Sample
Kurtosis
4500
3176086057
1.920045563
1.105643097
3.
2 NW
2 NW
2 NW
2 NE
18000
10
3.
3.
16000
8000
4000
Skewnes
Range
Minimum
Maximun
11
317000
21000
338000
12669800
y=0.0075x +572.84
R2 = 0.5795
12
12000
3500
13
2 NW
2 NW
2 NW
30000
14
15500
Sum
3000
15
16800
Count
100
1 NW
1 NW
2 NE
1 SE
2 NW
2 NW
1 NW
2.5 NE
16
3
2500
101000
50000
85000
22500
90000
133000
90500
260000
16000
IB000
22100
17
770
1410
1060
1300
1500
2000
18
3
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17500
30000
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22000
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19
1500
20
2.
21
1000
22
21
3
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1170
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1030
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23
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2 NW
1 NW
2 NW
2 NW
142500
160000
240000
87000
118600
140000
148000
65000
24
2
25
3
200000
House Price $
26
4
100000
150000
300000
350000
400000
27
28
29
3
1550
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2000
1350
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2510
3110
1760
30
2
3 NW
3
15 NE
2 NW
31
18000
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176000
86500
180000
179000
338000
130000
77300
32
14
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2 NW
2. NW
33
3
28000
25000
34
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35
4
38000
30000
36
3.
3 NW
.
4
2 NW
1,5 NW
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1 SW
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37
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2020
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39
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44
45
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Transcribed Image Text:2780 30000
D.
G
H.
K.
M.
3
144900
20100
2020 26000
43
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2 NW
1
1
44
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183000
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45
44
3
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77000
1
60000
1
127000
3
1.5 NE
1220
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17500
340 22000
46
45
1510
1450
47
46
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1640
47
2 NW
48
970
1580
12000
3
2 NE
3
2.5 NE
2.5 NW
49
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95000
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49
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50
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1800
4
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of
52
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52
53
54
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2 SW
2 NE
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53
1
380
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55
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1
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3
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1
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20
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3 NW
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59
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69
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130000
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2
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