(a) Explanation Formula used: Mean: Mean is the ratio between the sum of observations and the number of observations. The formula for mean is given by, x ¯ = ∑ x n . Median: The median is the mid-value of a set of ranked data. Calculation: Given that the seven housing prices for Summit Township are, $199,000, $109,000, $229,000, $169,900, $219,900, $25,500 and $207,000. The mean of the given data is, x ¯ = 199 , 000 + 109 , 000 + (b) To determine To calculate: The mean and median housing prices for the rural area. (c) To determine To discuss: The differences between the mean and median for each region and also find a truer representation of the average housing price for each region.

Finite Mathematics and Calculus with Applications (10th Edition)

10th Edition

ISBN: 9780321979407

Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey

Publisher: PEARSON

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Question

Chapter 9.1, Problem 42E

(a)

To determine

To calculate: The mean and median housing prices for Summit Township.

(b)

To determine

To calculate: The mean and median housing prices for the rural area.

(c)

To determine

To discuss: The differences between the mean and median for each region and also find a truer representation of the average housing price for each region.

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Chapter 9.1, Problem 41E

Chapter 9.1, Problem 43E

Chapter 9 Solutions

Finite Mathematics and Calculus with Applications (10th Edition)

Ch. 9.1 - Find the mean of the following data: 12, 17, 21,...Ch. 9.1 - Prob. 2YT Ch. 9.1 - Prob. 3YT Ch. 9.1 - Prob. 1E Ch. 9.1 - Prob. 2E Ch. 9.1 - Prob. 3E Ch. 9.1 - Prob. 4E Ch. 9.1 - Prob. 5E Ch. 9.1 - Prob. 6E Ch. 9.1 - Prob. 7E

Ch. 9.1 - Prob. 8E Ch. 9.1 - Find the mean for each list of numbers. 9. 30,200;...Ch. 9.1 - Prob. 10E Ch. 9.1 - Find the mean for each list of numbers. 11. 9.4,...Ch. 9.1 - Prob. 12E Ch. 9.1 - Prob. 13E Ch. 9.1 - Prob. 14E Ch. 9.1 - Find the mean for the data in Exercise 1 from the...Ch. 9.1 - Prob. 16E Ch. 9.1 - Prob. 17E Ch. 9.1 - Prob. 18E Ch. 9.1 - Prob. 19E Ch. 9.1 - Prob. 20E Ch. 9.1 - Prob. 21E Ch. 9.1 - Prob. 22E Ch. 9.1 - Prob. 23E Ch. 9.1 - Prob. 24E Ch. 9.1 - Prob. 25E Ch. 9.1 - Prob. 26E Ch. 9.1 - Prob. 27E Ch. 9.1 - Prob. 28E Ch. 9.1 - Prob. 29E Ch. 9.1 - Prob. 30E Ch. 9.1 - Prob. 31E Ch. 9.1 - Prob. 32E Ch. 9.1 - For grouped data, the modal class is the interval...Ch. 9.1 - Prob. 34E Ch. 9.1 - Prob. 36E Ch. 9.1 - Prob. 37E Ch. 9.1 - Prob. 38E Ch. 9.1 - Prob. 39E Ch. 9.1 - Prob. 40E Ch. 9.1 - Prob. 41E Ch. 9.1 - Prob. 42E Ch. 9.1 - New Housing Sales The number (in thousands) of new...Ch. 9.1 - Prob. 44E Ch. 9.1 - Prob. 45E Ch. 9.1 - Temperature The following table gives the number...Ch. 9.1 - Prob. 47E Ch. 9.1 - Olympics The number of nations participating in...Ch. 9.1 - Prob. 49E Ch. 9.1 - Prob. 50E Ch. 9.1 - Prob. 51E Ch. 9.1 - SAT I: Reasoning Test Given the following sequence...Ch. 9.2 - Prob. 1YT Ch. 9.2 - Prob. 2YT Ch. 9.2 - Prob. 1WE Ch. 9.2 - Prob. 2WE Ch. 9.2 - Prob. 1E Ch. 9.2 - Prob. 2E Ch. 9.2 - Find the range and standard deviation for each set...Ch. 9.2 - Find the range and standard deviation for each set...Ch. 9.2 - Find the range and standard deviation for each set...Ch. 9.2 - Find the range and standard deviation for each set...Ch. 9.2 - Find the range and standard deviation for each set...Ch. 9.2 - Find the range and standard deviation for each set...Ch. 9.2 - Prob. 9E Ch. 9.2 - Prob. 10E Ch. 9.2 - Prob. 11E Ch. 9.2 - Prob. 12E Ch. 9.2 - Chebyshevs theorem states that for any set of...Ch. 9.2 - Prob. 14E Ch. 9.2 - Prob. 15E Ch. 9.2 - Chebyshevs theorem states that for any set of...Ch. 9.2 - Prob. 17E Ch. 9.2 - Prob. 18E Ch. 9.2 - Prob. 19E Ch. 9.2 - Prob. 20E Ch. 9.2 - Prob. 21E Ch. 9.2 - Prob. 22E Ch. 9.2 - Prob. 23E Ch. 9.2 - Prob. 24E Ch. 9.2 - Prob. 25E Ch. 9.2 - Prob. 26E Ch. 9.2 - Prob. 27E Ch. 9.2 - Prob. 28E Ch. 9.2 - Prob. 29E Ch. 9.2 - Prob. 30E Ch. 9.2 - Prob. 31E Ch. 9.2 - Prob. 32E Ch. 9.2 - Prob. 33E Ch. 9.2 - Prob. 34E Ch. 9.2 - Prob. 35E Ch. 9.2 - Prob. 36E Ch. 9.2 - Prob. 37E Ch. 9.2 - Prob. 38E Ch. 9.2 - Prob. 39E Ch. 9.2 - Box Office ReceiptsThe table below lists the 20...Ch. 9.2 - CookiesMarie Revak and Jihan Williams performed an...Ch. 9.3 - Find the following areas under the standard normal...Ch. 9.3 - Prob. 2YT Ch. 9.3 - Prob. 3YT Ch. 9.3 - Prob. 4YT Ch. 9.3 - The peak in a normal curve occurs directly above...Ch. 9.3 - The total area under a normal curve (above the...Ch. 9.3 - Prob. 3E Ch. 9.3 - Prob. 4E Ch. 9.3 - Prob. 5E Ch. 9.3 - Prob. 6E Ch. 9.3 - Prob. 7E Ch. 9.3 - Prob. 8E Ch. 9.3 - Prob. 9E Ch. 9.3 - Prob. 10E Ch. 9.3 - Prob. 11E Ch. 9.3 - Prob. 12E Ch. 9.3 - Find the percent of the total area under the...Ch. 9.3 - Prob. 14E Ch. 9.3 - Prob. 15E Ch. 9.3 - Prob. 16E Ch. 9.3 - Find a z-score satisfying the following...Ch. 9.3 - Prob. 18E Ch. 9.3 - Prob. 19E Ch. 9.3 - Prob. 20E Ch. 9.3 - Prob. 21E Ch. 9.3 - Prob. 22E Ch. 9.3 - Prob. 23E Ch. 9.3 - Prob. 24E Ch. 9.3 - Prob. 25E Ch. 9.3 - Prob. 26E Ch. 9.3 - Prob. 27E Ch. 9.3 - Prob. 28E Ch. 9.3 - Quality ControlA box of oatmeal must contain 16...Ch. 9.3 - Quality ControlA box of oatmeal must contain 16...Ch. 9.3 - Prob. 31E Ch. 9.3 - Prob. 32E Ch. 9.3 - Prob. 33E Ch. 9.3 - Prob. 34E Ch. 9.3 - Quality ControlThe chickens at Colonel Thompsons...Ch. 9.3 - Prob. 36E Ch. 9.3 - Prob. 37E Ch. 9.3 - Prob. 38E Ch. 9.3 - Annual BonusesSalespeople of a large corporation...Ch. 9.3 - Prob. 40E Ch. 9.3 - Prob. 41E Ch. 9.3 - Prob. 42E Ch. 9.3 - Prob. 43E Ch. 9.3 - Prob. 44E Ch. 9.3 - Life SpansAccording to actuarial tables, life...Ch. 9.3 - Prob. 46E Ch. 9.3 - Prob. 47E Ch. 9.3 - Prob. 48E Ch. 9.3 - EducationThe grading system known as grading on...Ch. 9.3 - Prob. 50E Ch. 9.3 - Prob. 51E Ch. 9.3 - Prob. 53E Ch. 9.3 - Prob. 54E Ch. 9.3 - Prob. 55E Ch. 9.3 - Prob. 56E Ch. 9.3 - Prob. 57E Ch. 9.3 - Prob. 58E Ch. 9.3 - Prob. 59E Ch. 9.3 - Prob. 60E Ch. 9.3 - Prob. 61E Ch. 9.3 - KenThe same researchers from Exercise 61 wondered...Ch. 9.4 - Suppose a die is rolled 12 times. Find the mean...Ch. 9.4 - Prob. 2YT Ch. 9.4 - Prob. 3YT Ch. 9.4 - Prob. 1WE Ch. 9.4 - Prob. 2WE Ch. 9.4 - Prob. 3WE Ch. 9.4 - Prob. 1E Ch. 9.4 - Prob. 2E Ch. 9.4 - Prob. 3E Ch. 9.4 - Prob. 4E Ch. 9.4 - Prob. 5E Ch. 9.4 - Prob. 6E Ch. 9.4 - Prob. 7E Ch. 9.4 - For the remaining exercises in this section, use...Ch. 9.4 - Prob. 9E Ch. 9.4 - Prob. 10E Ch. 9.4 - Prob. 11E Ch. 9.4 - Prob. 12E Ch. 9.4 - Prob. 13E Ch. 9.4 - Prob. 14E Ch. 9.4 - Prob. 15E Ch. 9.4 - (a) Try to use both the binomial probability...Ch. 9.4 - Prob. 17E Ch. 9.4 - Prob. 18E Ch. 9.4 - Prob. 19E Ch. 9.4 - Prob. 20E Ch. 9.4 - Prob. 21E Ch. 9.4 - Prob. 22E Ch. 9.4 - Prob. 23E Ch. 9.4 - Prob. 24E Ch. 9.4 - Prob. 25E Ch. 9.4 - Prob. 26E Ch. 9.4 - Prob. 27E Ch. 9.4 - Straw VotesIn one state, 55% of the voters expect...Ch. 9.4 - Prob. 29E Ch. 9.4 - Prob. 30E Ch. 9.4 - Prob. 31E Ch. 9.4 - Prob. 32E Ch. 9.4 - Prob. 33E Ch. 9.4 - Prob. 34E Ch. 9 - Determine whether each of the following statements...Ch. 9 - Prob. 2RE Ch. 9 - Prob. 3RE Ch. 9 - Prob. 4RE Ch. 9 - Determine whether each of the following statements...Ch. 9 - Prob. 6RE Ch. 9 - Prob. 7RE Ch. 9 - Prob. 9RE Ch. 9 - Prob. 10RE Ch. 9 - Prob. 11RE Ch. 9 - Prob. 12RE Ch. 9 - Prob. 13RE Ch. 9 - Prob. 14RE Ch. 9 - Prob. 15RE Ch. 9 - Prob. 16RE Ch. 9 - Prob. 17RE Ch. 9 - Find the mean for the following. 18. 105, 108,...Ch. 9 - Prob. 19RE Ch. 9 - Prob. 20RE Ch. 9 - Prob. 21RE Ch. 9 - Prob. 22RE Ch. 9 - Prob. 23RE Ch. 9 - Prob. 24RE Ch. 9 - Prob. 25RE Ch. 9 - Prob. 26RE Ch. 9 - Prob. 27RE Ch. 9 - Prob. 28RE Ch. 9 - Find the range and standard deviation for each...Ch. 9 - Prob. 30RE Ch. 9 - Prob. 31RE Ch. 9 - Describe the characteristics of a normal...Ch. 9 - Prob. 33RE Ch. 9 - Find the following areas under the standard normal...Ch. 9 - Prob. 35RE Ch. 9 - Find the following areas under the standard normal...Ch. 9 - Find the following areas under the standard normal...Ch. 9 - Prob. 38RE Ch. 9 - Prob. 39RE Ch. 9 - Prob. 40RE Ch. 9 - Prob. 41RE Ch. 9 - Prob. 42RE Ch. 9 - Prob. 43RE Ch. 9 - Prob. 44RE Ch. 9 - Prob. 45RE Ch. 9 - Prob. 46RE Ch. 9 - Prob. 47RE Ch. 9 - Prob. 48RE Ch. 9 - Prob. 49RE Ch. 9 - Prob. 50RE Ch. 9 - Prob. 51RE Ch. 9 - Prob. 52RE Ch. 9 - Prob. 53RE Ch. 9 - Prob. 54RE Ch. 9 - Prob. 55RE Ch. 9 - Prob. 56RE Ch. 9 - Prob. 57RE Ch. 9 - Prob. 58RE Ch. 9 - Prob. 59RE

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The mean and median housing prices for Summit Township.

Solution Summary: The author calculates the mean and median housing prices for Summit Township, which are 165,614 and 199,000 respectively.

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To calculate: The mean and median housing prices for Summit Township.

To calculate: The mean and median housing prices for the rural area.

To discuss: The differences between the mean and median for each region and also find a truer representation of the average housing price for each region.

Want to see the full answer?

Chapter 9 Solutions