Question

In: Statistics and Probability

The city government has collected data on the square footage of houses within the city. They...

The city government has collected data on the square footage of houses within the city. They found that the average square footage of homes within the city limit is 1,240 square feet while the median square footage of homes within the city limits is 1,660 square feet. The city government also found that the standard deviation of home square footage within the city limits is 198 square feet. A statistician hired by a local home-carpeting company is going to randomly select a sample of 24 houses and record the square footage of the homes using public records. Which of the following is true?

Select all that apply.

Select one or more:

a. The shape of the sampling distribution of the mean square footage of homes will be right skewed.

b. The shape of the sampling distribution of the mean square footage of homes will be left skewed.

c. If the statistician sampled 11 more homes within the city limits and added their data to the original sample of 24 homes then the shape of the sampling distribution of the mean square footage of all 35 homes will be approximately symmetric.

d. The sampling distribution of the mean square footage will have a smaller standard deviation when compared to the standard deviation of square footage among all homes within the city limits.

e. The sampling distribution of the mean square footage will have a standard deviation equal to or larger than the standard deviation of square footage among all homes within the city limits.

I said that answers B and D are correct, however it was only marked as partially correct. Please tell me what answers are correct and which ones are incorrect. Thanks

Solutions

Expert Solution

The median is greater than mean for all houses in the population so distribution of square footage of homes within the city limits is skewed to left. It is not symmetric.

The sample size is 24 which is less than 30 so we cannot apply central limit theorem. The sampling distribution of sample mean will follow population distribution although it will be less skewed than population distribution. When the sample size is 35 then we can apply central limit theorem so sampling distribution of sample mean will be approximately normal.

The standard deviation of sampling distribution will be

Correct options are:

b. The shape of the sampling distribution of the mean square footage of homes will be left skewed.

c. If the statistician sampled 11 more homes within the city limits and added their data to the original sample of 24 homes then the shape of the sampling distribution of the mean square footage of all 35 homes will be approximately symmetric.

d. The sampling distribution of the mean square footage will have a smaller standard deviation when compared to the standard deviation of square footage among all homes within the city limits.


Related Solutions

The city government has collected data on the square footage of houses within the city. They...
The city government has collected data on the square footage of houses within the city. They found that the average square footage of homes within the city limit is 1,240 square feet while the median square footage of homes within the city limits is 1,660 square feet. The city government also found that the standard deviation of home square footage within the city limits is 198 square feet. A statistician hired by a local home-carpeting company is going to randomly...
The city government has collected data on the square footage of houses within the city. They...
The city government has collected data on the square footage of houses within the city. They found that the average square footage of homes within the city limit is 1,240 square feet while the median square footage of homes within the city limits is 1,660 square feet. The city government also found that the standard deviation of home square footage within the city limits is 198 square feet. A statistician hired by a local home-carpeting company is going to randomly...
The following data give the selling price and square footage of houses that have sold in...
The following data give the selling price and square footage of houses that have sold in Bend, OR in the past 6 months. Selling Price ($) Square Footage 84,000 1,670 79,000 1,339 91,500 1,712 120,000 1,840 127,500 2,300 132,500 2,234 145,000 2,311 164,000 2,377 155,000 2,736 168,000 2,500 172,500 2,500 174,000 2,479 175,000 2,400 177,500 3,124 184,000 2,500 195,500 4,062 195,000 2,854 Graph the data to see whether a linear equation might describe the relationship between selling price and the...
This data gives the square footage and sales prices for several houses and sales prices for...
This data gives the square footage and sales prices for several houses and sales prices for several houses in Dallas, Texas. Square Footage Value 2000 238139.4 2200 259712 2400 300953.7 3000 369965.7 3200 340091.3 3600 405425 2900 345131 You plan to build a 500-sqaure-foot addition to your house. How much do you think your home value will increase as a result? What percentage of the variation in home value is explained by the variation in the house size? Please set...
The following data give the selling price, square footage, number of bedrooms, and age of houses...
The following data give the selling price, square footage, number of bedrooms, and age of houses that have sold in a neighborhood in the past 6 months. Develop three regression models to predict the selling price based upon each of the other factors individually. Which of these is best? use 1 for yes and 0 for no develop a regression model to predict selling price based on the square footage and number of bedrooms. Use this to predict the selling...
The following data give the selling price, square footage, number of bedrooms, and age of houses...
The following data give the selling price, square footage, number of bedrooms, and age of houses that have sold in a neighborhood in the past 6 months. Develop three regression models to predict the selling price based upon each of the other factors individually. Which of these is best? Selling Price Square Footage Bedrooms Age (Years) 84000 1670 2 30 79000 1339 2 25 91500 1712 3 30 120000 1840 3 40 127500 2300 3 18 132500 2234 3 30...
A Realtor is interested in modeling the selling price of houses based on the square footage...
A Realtor is interested in modeling the selling price of houses based on the square footage (X1), the age of the house (X2) and the number of bedrooms (X3). The data (below) was collected in the two largest cities in Arkansas and is given in an excel file. Follow the Minitab instructions on blackboard to answer the questions below. 1. Check the model assumptions a. Does the plot of Residuals vs. Fitted Values indicate that the assumption of constant variance...
A Realtor is interested in modeling the selling price of houses based on the square footage...
A Realtor is interested in modeling the selling price of houses based on the square footage and the age of the house. The data was collected in the two largest cities in Arkansas and is presented here.           Square footage X1                   Age in years X2   style           Selling price Y                    775                                37               Traditional 28,000                    700                                49               Traditional 34,000                    720                                54               Traditional 34,500                    864                                37               Rambler      39,900                    650                                35               Traditional 40,000                    780                                79               Victorian    41,500...
Suppose the following data were collected relating the selling price of a house to square footage...
Suppose the following data were collected relating the selling price of a house to square footage and whether or not the house is made out of brick. Use statistical software to find the regression equation. Is there enough evidence to support the claim that on average brick houses are more expensive than other types of houses at the 0.050.05 level of significance? If yes, type the regression equation in the spaces provided with answers rounded to two decimal places. Else,...
Suppose the following data were collected relating the selling price of a house to square footage...
Suppose the following data were collected relating the selling price of a house to square footage and whether or not the house is made out of wood. Use statistical software to find the regression equation. Is there enough evidence to support the claim that on average wood houses are more expensive than other types of houses at the 0.05 level of significance? If yes, type the regression equation in the spaces provided with answers rounded to two decimal places. Else,...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT