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Question
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. Assuming that both distributions are bell-shaped, which of the following statements is true?
A) The Baltimore home has the higher standard z-value.
B) The coefficient of variation for Denver is less than for Baltimore.
C) The Denver home has a higher standard z-value.
D) Both cities have the same coefficient of variation.
Answer
This answer is hidden. It contains 10 characters.
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