​According to the Indifference Principle,housing Prices

question 8

Multiple Choice

​According to the indifference principle,housing prices

• A)​tend to converge over time
• B)tend to leave individuals indifferent about where they live
• C)only tend to be different to compensate individuals for differences in living conditions
• D)​only B&C

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Definitions:

Bootstrap Distribution

A technique in statistics for estimating the distribution of a statistic by resampling with replacement from the original sample.

Normal

In statistics, this describes a distribution that is symmetric around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Resamples

In statistics, resampling is a method that involves drawing repeated samples from the original data samples.

Means

The average values obtained by dividing the sum of all observations by the number of observations.