Essay
A luxury apartment complex in South Beach Miami is for sale. The owner has received the following offers in millions of dollars. 
(See the Excel Data File.)
A) What is the mean offer price? What is the median offer price? Is the mean a good measure of central location?
B) What is the sample standard deviation of the offers?
C) What is equivalent to a 75th percentile offer?
Correct Answer:
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a. Mean = 70. Yes, it is a good measure ...View Answer
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Correct Answer:
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