Solved: Discuss the shape of the distribution of the price of new, Applied Statistics

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Discuss the shape of the distribution of the price of new

According to the US Census Bureau, in 2011 the median sales price of new house was $227,200 and the mean sales price is 267,900 (extracted from www.census.gov, June 25,2012.

interpret the median sales price 227,200
interpret the mean sales price 267,900
Discuss the shape of the distribution of the price of new house

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Applied Statistics: Discuss the shape of the distribution of the price of new

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