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MATH201 - Far From Average Assignment Template

The assignment involves researching home prices on Zillow.com or Realtor.com, calculating the mean, median, mode, and range of fifteen selected homes, and then repeating the calculations after adding an inherited $1,000,000 home. Students are required to analyze the impact of any unusual data values on their statistics and justify which measure of central tendency is most appropriate for home prices. Additionally, the assignment emphasizes the importance of understanding these statistical concepts in making informed decisions for significant purchases.

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awegrknrl
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Download as XLSX, PDF, TXT or read online on Scribd
7 views

MATH201 - Far From Average Assignment Template

The assignment involves researching home prices on Zillow.com or Realtor.com, calculating the mean, median, mode, and range of fifteen selected homes, and then repeating the calculations after adding an inherited $1,000,000 home. Students are required to analyze the impact of any unusual data values on their statistics and justify which measure of central tendency is most appropriate for home prices. Additionally, the assignment emphasizes the importance of understanding these statistical concepts in making informed decisions for significant purchases.

Uploaded by

awegrknrl
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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MATH201 Far from Average Assignm

Far from Average!

You've decided to take the leap and buy a home! Go to Zillow.com o


State. Choose a minimum home price. Enter a maximum home price t
minimum home price. Search for fifteen 'For Sale' homes in your area.
below.
Home

10

11

12

13

14

15
Calculate the values below by han

Show your work below:


Mean for your dat

Median for your d

Mode for your dat

Range for your da

Verify the statistics you computed above using Microso

Click on the video link for additional help: https://youtu.be/Da_RzJvdTmc


Mean for your dat

Median for your d

Mode for your dat

Range for your da

Now suppose you inherit a $1,000,000 home from a long lost relative.
the mean, median, mode and range using Microsoft E
Mean for your dat

Median for your d

Mode for your dat

Range for your da


Review the sixteen home prices and determine if there are any unusu
are, in at least 200 words, explain how they impact the mean, medi

In at least 150 words, explain which statistic (mean, median, or mode


center for the price of a house? Justify you

In at least 150 words, describe the value of understanding mean, med


purchases such as land, cars, etc. Explain how this information w
verage Assignment Template

rom Average!

e! Go to Zillow.com or Realtor.com and enter your City and


aximum home price that is no more than $100,000 over your
e' homes in your area. List the home prices in the blue cells
below.
Price
e values below by hand.

w your work below: Answer:

d above using Microsoft Excel formulas below.

m a long lost relative. Using this additional home, recalculate


ange using Microsoft Excel formulas below.
f there are any unusual data values (like outliers). If there
mpact the mean, median, mode and range you calculated.

ean, median, or mode) do you think is the best measure of


of a house? Justify your answer.

rstanding mean, median and mode when making other large


how this information will make you a better negotiator.

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