TABLE 5-6 There Are Two Houses with Almost Identical Characteristics Available for Available

question 66

Short Answer

TABLE 5-6
There are two houses with almost identical characteristics available for investment in two different neighborhoods with drastically different demographic composition. The anticipated gain in value when the houses are sold in 10 years has the following probability distribution:

-Referring to Table 5-6, what is the standard deviation of the value gain for the house in neighborhood A?

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Definitions:

Kg

An acronym for kilogram, a unit of mass in the International System of Units (SI), equivalent to approximately 2.20462 pounds.

Pounds

A unit of weight used primarily in the United States, equivalent to 0.453592 kilograms.

Convert

To change something into a different form or properties, often referring to changing beliefs, units, or file formats.

Milliliters

A unit of volume in the metric system, commonly used to measure liquids, equal to one thousandth of a liter.