Essay
A luxury apartment complex in South Beach Miami is for sale.The owner has received the following offers in millions of dollars.
64 72 66 58 78 82
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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The sample mean is computed as 
The medi...View Answer
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Correct Answer:
Verified
The medi...View Answer
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