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Like many parts of North America, the housing market in Halifax Regional Municipality (HRM) has been affected by COVID-19 and other global factors. In real estate sales, the house is listed for sale at a certain price (the Asking Price), and interested buyers will make offers on the house based on this Asking Price If the demand for houses is low. buyers will typically offer less than the Asking Price; if the demand for houses is high (as it is HRM now), buyers will typically offer more than the Asking Price. The final price a house sells for is the Selling Price. A statistics professor is trying to buy a house in HRM Because many houses sell for more than the Asking Price, the professor wants to use statistics to inform the price they offer on houses. (The professor wants to offer enough money to win the house but not pay much more than other buyers were willing to offer ) The professor wants to study the Amount Over Asking (AOA) for each house the amount of money a house sells for above t Asking Price. For this question, you will focus only on the AOA for houses in different regions of HRM [Note It is possible for the AOA to be negative if the Selling Price of a house is less than the Asking Price. This does n affect the question.] The professor collects data about houses that recently sold in Sackville and Dartmouth that are similar to each other, computes the AOA for each house, and summarizes the data in the table below. Region Mean (S) Standard Deviation (S) Sackville 67500 18000 Dartmouth 35500 33000 1. On average, how much larger is the AOA for houses located in Sackville compared with houses located in Dartmouth? O A. 51500 O B. 103000 OC. - 32000 OD. 32000 The professor belleves that it might be reasonable to treat the regions of Sackville and Dartmouth as independent of each other for the purposes of this analysis. (You may assume they are independent for the purposes of doing this question) 2. What is the standard deviation of the difference in AOA between houses located in Sackville and houses located in Dartmouth? O A. 37589.9 O B. - 15000.0

Like many parts of North America, the housing market in Halifax Regional Municipality (HRM) has been affected by COVID-19 and other global factors. In real estate sales, the house is listed for sale at a certain price (the Asking Price), and interested buyers will make offers on the house based on this Asking Price If the demand for houses is low. buyers will typically offer less than the Asking Price; if the demand for houses is high (as it is HRM now), buyers will typically offer more than the Asking Price. The final price a house sells for is the Selling Price. A statistics professor is trying to buy a house in HRM Because many houses sell for more than the Asking Price, the professor wants to use statistics to inform the price they offer on houses. (The professor wants to offer enough money to win the house but not pay much more than other buyers were willing to offer ) The professor wants to study the Amount Over Asking (AOA) for each house the amount of money a house sells for above t Asking Price. For this question, you will focus only on the AOA for houses in different regions of HRM [Note It is possible for the AOA to be negative if the Selling Price of a house is less than the Asking Price. This does n affect the question.] The professor collects data about houses that recently sold in Sackville and Dartmouth that are similar to each other, computes the AOA for each house, and summarizes the data in the table below. Region Mean (S) Standard Deviation (S) Sackville 67500 18000 Dartmouth 35500 33000 1. On average, how much larger is the AOA for houses located in Sackville compared with houses located in Dartmouth? O A. 51500 O B. 103000 OC. - 32000 OD. 32000 The professor belleves that it might be reasonable to treat the regions of Sackville and Dartmouth as independent of each other for the purposes of this analysis. (You may assume they are independent for the purposes of doing this question) 2. What is the standard deviation of the difference in AOA between houses located in Sackville and houses located in Dartmouth? O A. 37589.9 O B. - 15000.0

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Like many parts of North America, the housing market in Halifax Regional Municipality (HRM) has been affected by COVID-19 and other global factors. In real estate sales, the house is listed for sale at a certain price (the Asking Price), and interested buyers will make offers on the house based on this Asking Price. If the demand for houses is low, buyers will typically offer less than the Asking Price; if the demand for houses is high (as it is in HRM now), buyers will typically offer more than the Asking Price. The final price a house sells for is the Selling Price. A statistics professor is trying to buy a house in HRM. Because many houses sell for more than the Asking Price, the professor wants to use statistics to inform the price they offer on houses. (The professor wants to offer enough money to win the house but not pay much more than other buyers were willing to offer) The professor wants to study the Amount Over Asking (AOA) for each house: the amount of money a house sells for above the- Asking Price. For this question, you will focus only on the AOA for houses in different regions of HRM [Note. It is possible for the AOA to be negative if the Selling Price of a house is less than the Asking Price. This does not affect the question.] The professor collects data about houses that recently sold in Sackville and Dartmouth that are similar to each other, computes the AOA for each house, and summarizes the data in the table below. Region Mean ($) Standard Deviation (S) Sackville 67500 18000 Dartmouth 35500 33000 1. On average, how much larger is the AOA for houses located in Sackville compared with houses located in Dartmouth? O A. 51500 O B. 103000 O C. - 32000 O D. 32000 The professor belleves that it might be reasonable to treat the regions of Sackville and Dartmouth as independent of each other for the purposes of this analysis. (You may assume they are independent for the purposes of doing this question) 2. What is the standard deviation of the difference in AOA between houses located in Sackville and houses located in Dartmouth? O A. 37589.9 O B. - 15000.0
Transcribed Image Text:Like many parts of North America, the housing market in Halifax Regional Municipality (HRM) has been affected by COVID-19 and other global factors. In real estate sales, the house is listed for sale at a certain price (the Asking Price), and interested buyers will make offers on the house based on this Asking Price. If the demand for houses is low, buyers will typically offer less than the Asking Price; if the demand for houses is high (as it is in HRM now), buyers will typically offer more than the Asking Price. The final price a house sells for is the Selling Price. A statistics professor is trying to buy a house in HRM. Because many houses sell for more than the Asking Price, the professor wants to use statistics to inform the price they offer on houses. (The professor wants to offer enough money to win the house but not pay much more than other buyers were willing to offer) The professor wants to study the Amount Over Asking (AOA) for each house: the amount of money a house sells for above the- Asking Price. For this question, you will focus only on the AOA for houses in different regions of HRM [Note. It is possible for the AOA to be negative if the Selling Price of a house is less than the Asking Price. This does not affect the question.] The professor collects data about houses that recently sold in Sackville and Dartmouth that are similar to each other, computes the AOA for each house, and summarizes the data in the table below. Region Mean ($) Standard Deviation (S) Sackville 67500 18000 Dartmouth 35500 33000 1. On average, how much larger is the AOA for houses located in Sackville compared with houses located in Dartmouth? O A. 51500 O B. 103000 O C. - 32000 O D. 32000 The professor belleves that it might be reasonable to treat the regions of Sackville and Dartmouth as independent of each other for the purposes of this analysis. (You may assume they are independent for the purposes of doing this question) 2. What is the standard deviation of the difference in AOA between houses located in Sackville and houses located in Dartmouth? O A. 37589.9 O B. - 15000.0
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