Suppose the change in price from 2012 to 2013 for 10 houses in Toronto is measured (in percent) for a study to determine the possibility of a financial bubble in the real estate market. The change, in percent, for a sample of 10 houses was recorded as: 0, 5, -10, -15, 10, 20, 15, -10, -5, and -10. d) Find the quartiles of the sample and the z-score of the percentage price change equal to 12 (for standard deviation use 12). e) Draw a boxplot and determine if there is any outlier

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
icon
Related questions
Question

Suppose the change in price from 2012 to 2013 for 10 houses in Toronto is measured (in percent) for a study to determine the possibility of a financial bubble in the real estate market. The change, in percent, for a sample of 10 houses was recorded as: 0, 5, -10, -15, 10, 20, 15, -10, -5, and -10. d) Find the quartiles of the sample and the z-score of the percentage price change equal to 12 (for standard deviation use 12). e) Draw a boxplot and determine if there is any outlier

Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill