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:

Minimize

To reduce something to the least possible amount or degree.

Dissonance

A state of conflict or inconsistency between a person's beliefs, attitudes, or actions, often leading to discomfort and change.

Cognitive Dissonance

A psychological phenomenon in which an individual experiences discomfort or distress from holding two or more contradictory beliefs, ideas, or values at the same time.

Opinions

Personal views, beliefs, or judgments that may not be based on fact or knowledge.