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A Random Sample of Sale Prices of Homes Yielded the Following

Question 103

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A random sample of sale prices of homes yielded the following summary information:  MIN $41,00025%:$82,000 Median: $124,000 MAX $276,00075%:$169,000\begin{array} { l l l } \text { MIN } \$ 41,000 & 25 \% : \$ 82,000 & \text { Median: } \$ 124,000 \\\text { MAX } \$ 276,000 & 75 \% : \$ 169,000 &\end{array} Comment on a home that had a sale price of $429,000.


A) This value falls outside the upper fence and is considered an outlier.
B) This sale price would be expected since it falls inside the lower and upper fences.
C) This sale price falls between the lower and upper fences. It can be considered a potential outlier.
D) This value falls outside of the third quartile, but cannot be considered an outlier.

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