The Following Table Lists the Average Price of Home Listings

question 142

Multiple Choice

The following table lists the average price of home listings in Canada from January 2007 to January
2014. (See Connect for Data Set 7: CREA 2014) .

Forecast the average home price listing for Jan-14.

• A) $379 148
• B) $393 508
• C) $407 868
• D) $388 553
• E) $364 788

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Definitions:

Finite Population

A population that contains a finite or countable number of elements or observations, where the population size is known.

Average Service Time

This metric represents the mean time required to serve a customer or complete a process, useful in evaluating the efficiency of service operations.

Service Requirements

Specifications or criteria that detail the performance and quality levels needed to meet customers' needs or service delivery standards.