median, mode, average
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What is the difference between average, median, and mode? What situations is each useful in?
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Confidence Intervals Discussion
The B&K Real Estate Company sells homes and is currently serving the Southeast region. It has recently expanded to cover t ...
Confidence Intervals Discussion
The B&K Real Estate Company sells homes and is currently serving the Southeast region. It has recently expanded to cover the Northeast states. The B&K realtors are excited to now cover the entire East Coast and are working to prepare their southern agents to expand their reach to the Northeast.B&K has hired your company to analyze the Northeast home listing prices in order to give information to their agents about the mean listing price at 95% confidence. Your company offers three analysis packages: one based on a sample size of 100 listings, one based on 1,000 listings, and another based on a sample size of 4,000 listings. Because there is an additional cost for data collection, your company charges more for the package with 4,000 listings than for the package with 100 listings.Bronze Package - Sample size of 100 listings:95% confidence interval for the mean of the Northeast house listing price has a margin of error of $24,500Cost for service to B&K: $2,000Silver Package - Sample size of 1,000 listings:95% confidence interval for the mean of the Northeast house listing price has a margin of error of $7,750Cost for service to B&K: $10,000Gold Package - Sample size of 4,000 listings:95% confidence interval for the mean of the Northeast house listing price has a margin of error of $3,900Cost for service to B&K: $25,000The B&K management team does not understand the tradeoff between confidence level, sample size, and margin of error. B&K would like you to come back with your recommendation of the sample size that would provide the sales agents with the best understanding of northeast home prices at the lowest cost for service to B&K.In other words, which option is preferable?Spending more on data collection and having a smaller margin of errorSpending less on data collection and having a larger margin of errorChoosing an option somewhere in the middleFor your initial post:Formulate a recommendation and write a confidence statement in the context of this scenario. For the purposes of writing your confidence statement, assume the sample mean house listing price is $310,000 for all packages. “I am [#] % confident the true mean . . . [in context].”Explain the factors that went into your recommendation, including a discussion of the margin of errorFor your response posts to your peers, choose two different confidence intervals for your responses. Do you think the agents would prefer a different confidence interval than their management? What advantages and disadvantages would there be in having different confidence intervals for the agents? Explain your thought process and reasoning in your response.
If a > 0 and b > 0, which of the following could be an equation of the line graphed in the xy-plane above?, homework help
If a > 0 and b > 0, which of the following could be an equation of the line graphed in the ...
If a > 0 and b > 0, which of the following could be an equation of the line graphed in the xy-plane above?, homework help
If a > 0 and b > 0, which of the following could be an equation of the line graphed in the xy-plane above?A.y = −ax − bB.y = ax − bC.y = ax + bD.y = −ax + bE.y = abxExplain your answer.
ACC 202 Saint Leo University Managerial Accounting and Integrity Discussion
This discussion focuses on the core value of Integrity. Students should be able to describe how this fits in with the fie ...
ACC 202 Saint Leo University Managerial Accounting and Integrity Discussion
This discussion focuses on the core value of Integrity. Students should be able to describe how this fits in with the field of Managerial Accounting.Explain how Saint Leo’s core value of Integrity is relevant to Managerial Accounting.provide re
7 pages
Solution Fst
1. If f(x) = x - bx + cx - d has a factor of (x - 12), what does f(12) equal? 2. The graph of h(x) = x3 - x2 - 21x + 45 cr ...
Solution Fst
1. If f(x) = x - bx + cx - d has a factor of (x - 12), what does f(12) equal? 2. The graph of h(x) = x3 - x2 - 21x + 45 crosses the x-axis at -5. ...
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Painter Exp19 Excel Ch12 Cap Assessment Teachingschedule
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Painter Exp19 Excel Ch12 Cap Assessment Teachingschedule
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PMU Probability Statistics Data Distribution Project Paper
Submit the project online via Blackboard in word format. Paste the snapshots of all the work you made in excel or Minitab. ...
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Most Popular Content
Confidence Intervals Discussion
The B&K Real Estate Company sells homes and is currently serving the Southeast region. It has recently expanded to cover t ...
Confidence Intervals Discussion
The B&K Real Estate Company sells homes and is currently serving the Southeast region. It has recently expanded to cover the Northeast states. The B&K realtors are excited to now cover the entire East Coast and are working to prepare their southern agents to expand their reach to the Northeast.B&K has hired your company to analyze the Northeast home listing prices in order to give information to their agents about the mean listing price at 95% confidence. Your company offers three analysis packages: one based on a sample size of 100 listings, one based on 1,000 listings, and another based on a sample size of 4,000 listings. Because there is an additional cost for data collection, your company charges more for the package with 4,000 listings than for the package with 100 listings.Bronze Package - Sample size of 100 listings:95% confidence interval for the mean of the Northeast house listing price has a margin of error of $24,500Cost for service to B&K: $2,000Silver Package - Sample size of 1,000 listings:95% confidence interval for the mean of the Northeast house listing price has a margin of error of $7,750Cost for service to B&K: $10,000Gold Package - Sample size of 4,000 listings:95% confidence interval for the mean of the Northeast house listing price has a margin of error of $3,900Cost for service to B&K: $25,000The B&K management team does not understand the tradeoff between confidence level, sample size, and margin of error. B&K would like you to come back with your recommendation of the sample size that would provide the sales agents with the best understanding of northeast home prices at the lowest cost for service to B&K.In other words, which option is preferable?Spending more on data collection and having a smaller margin of errorSpending less on data collection and having a larger margin of errorChoosing an option somewhere in the middleFor your initial post:Formulate a recommendation and write a confidence statement in the context of this scenario. For the purposes of writing your confidence statement, assume the sample mean house listing price is $310,000 for all packages. “I am [#] % confident the true mean . . . [in context].”Explain the factors that went into your recommendation, including a discussion of the margin of errorFor your response posts to your peers, choose two different confidence intervals for your responses. Do you think the agents would prefer a different confidence interval than their management? What advantages and disadvantages would there be in having different confidence intervals for the agents? Explain your thought process and reasoning in your response.
If a > 0 and b > 0, which of the following could be an equation of the line graphed in the xy-plane above?, homework help
If a > 0 and b > 0, which of the following could be an equation of the line graphed in the ...
If a > 0 and b > 0, which of the following could be an equation of the line graphed in the xy-plane above?, homework help
If a > 0 and b > 0, which of the following could be an equation of the line graphed in the xy-plane above?A.y = −ax − bB.y = ax − bC.y = ax + bD.y = −ax + bE.y = abxExplain your answer.
ACC 202 Saint Leo University Managerial Accounting and Integrity Discussion
This discussion focuses on the core value of Integrity. Students should be able to describe how this fits in with the fie ...
ACC 202 Saint Leo University Managerial Accounting and Integrity Discussion
This discussion focuses on the core value of Integrity. Students should be able to describe how this fits in with the field of Managerial Accounting.Explain how Saint Leo’s core value of Integrity is relevant to Managerial Accounting.provide re
7 pages
Solution Fst
1. If f(x) = x - bx + cx - d has a factor of (x - 12), what does f(12) equal? 2. The graph of h(x) = x3 - x2 - 21x + 45 cr ...
Solution Fst
1. If f(x) = x - bx + cx - d has a factor of (x - 12), what does f(12) equal? 2. The graph of h(x) = x3 - x2 - 21x + 45 crosses the x-axis at -5. ...
4 pages
Painter Exp19 Excel Ch12 Cap Assessment Teachingschedule
' When run, this macro clears the values in the schedule Range("G1,C5:G6,C8:G9,C11:G12,C14:G15,C17:G19").Select
Painter Exp19 Excel Ch12 Cap Assessment Teachingschedule
' When run, this macro clears the values in the schedule Range("G1,C5:G6,C8:G9,C11:G12,C14:G15,C17:G19").Select
PMU Probability Statistics Data Distribution Project Paper
Submit the project online via Blackboard in word format. Paste the snapshots of all the work you made in excel or Minitab. ...
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Submit the project online via Blackboard in word format. Paste the snapshots of all the work you made in excel or Minitab. Write complete summary, reasoning, or discussion wherever asked. Refer to the Lincolnville School District Bus data, which report information on the school district’s bus fleet.probability statistics see the file
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