The asking price for homes on the real estate market in Baltimore has a mean value of 286,455 and a standard deviation of 11,200. The mean and standard deviation in asking price for homes in Denver are 188,468 and 8,230, respectively.
Recently, one home sold in each city where the asking price for each home was 193,000. Based on these data, which of the following conclusions can be made?A) The two homes have approximately the same standardized values.
B) The distribution of asking prices in the two cities is bell-shaped.
C) The house in Baltimore is relatively farther from the mean than the house in Denver.
D) The asking prices of homes in Denver is less variable than those in Baltimore.
Question 2
The human resources department at a major high tech company recently conducted an employee satisfaction survey of 100 of its 3000 employees.
Data were collected on such variables as age, gender, marital status, current salary, level of overall satisfaction on a scale from 1 to 5, number of years with the company, and job title. Which of the variables listed are considered to be ratio level data?A) Age and years with the company
B) Gender and marital status
C) Job title
D) None of the variables is ratio level.
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