A Sample of 117 Records of the Selling Price of Homes

question 46

Multiple Choice

A sample of 117 records of the selling price of homes from Feb 15 to Apr 30, 2018 was taken from the files maintained by the Albuquerque Board of Realtors.The following are summary statistics for the selling prices. From this we can conclude that,

• A)There are no outliers
• B)More homes were sold for greater than $121750 than for less than $77650
• C)68% of the selling price of these homes is from $77650 to $121750
• D)25% of the selling price of these homes is at least $121750
• E)The distribution of selling price of these homes is negatively skewed.

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Definitions:

5C Model

The 5C Model is a marketing framework that focuses on understanding a company's situation by analyzing five key areas: company, customers, competitors, collaborators, and context.

Client Satisfaction

A measure of how products and services supplied by a company meet or surpass customer expectation.

Compliance

Compliance involves following and adhering to laws, regulations, standards, and ethical practices in one's personal actions or in the operations of a business or institution.

Activity-Based Measure

A performance metric or accounting method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.