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There were 5 different new houses for sale in a certain town last mont
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Updated on: 24 Oct 2022, 22:34
Updated on: 24 Oct 2022, 22:34
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There were 5 different new houses for sale in a certain town last month. This month the prices of 3 of these houses decreased by $45,000 each, while the prices of the other 2 houses remained the same.
A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.
Quantity A |
Quantity B |
The standard deviation of the original 5 prices |
The standard deviation of the resulting 5 prices after the 3 prices decreased |
A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.
Re: There were 5 different new houses for sale in a certain town last mont
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24 Oct 2022, 23:29
24 Oct 2022, 23:29
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Expert Reply
standard deviation measures how far from the mean different numbers are within a set. how far do all of the unique values in the set “deviate” from the average or mean.
Even though we do know a reduction of three values and two are the same we are not able to know the impact on the SD
No info about the variation nor about how to calculate the average
D is the answer
Even though we do know a reduction of three values and two are the same we are not able to know the impact on the SD
No info about the variation nor about how to calculate the average
D is the answer
There were 5 different new houses for sale in a certain town last mont
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15 Apr 2023, 13:44
15 Apr 2023, 13:44
1
Suppose, the Original List = {1 2 3 4 5 }. Range=Max-Min=5-1=4=SD
Suppose, the last 3 elements decrease by 1. That is {1 2 2 3 4}. Max-Min=4-1=3. Quant A greater.
Suppose, the 1st 3 elements decrease by 1. That is {0 1 2 4 5}. Max-Min=5-0=5. Quant B greater.
Thus Answer D.
Suppose, the last 3 elements decrease by 1. That is {1 2 2 3 4}. Max-Min=4-1=3. Quant A greater.
Suppose, the 1st 3 elements decrease by 1. That is {0 1 2 4 5}. Max-Min=5-0=5. Quant B greater.
Thus Answer D.
