Proximity to Schools Can Increase Home Values, While Increased Distance

question 22

True/False

Proximity to schools can increase home values, while increased distance from schools often lowers home values.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, used in statistics to quantify the degree to which individual data points differ from the mean value of the data set.

Sample Range

The difference between the largest and smallest values in a sample, indicating the spread of the data within the sample.

Process Mean

The average or mean value of a set of process measurements, representing its central tendency over time.