Consider the following to answer the question(s) below:
The boxplots below show monthly sales revenue figures ($ thousands) for a discount office supply company with locations in three different regions of Canada (Atlantic, Central and West).
-The asking price for homes in the Winnipeg real estate market 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 Moncton are $188,468 and $8,230, respectively. Recently, one home sold in each city where the asking price for each home was $225,000. Based on these data, which of the following statements is true?
A) The variance for Winnipeg real estate market is lower than that for Moncton.
B) The Moncton home has a negative standardized value.
C) The coefficients of variation are very close to each other (both are about 0.04).
D) The Winnipeg home has a positive standardized value.
E) Both homes have the same z-score.

Question

Consider the following to answer the question(s) below:
The boxplots below show monthly sales revenue figures ($ thousands) for a discount office supply company with locations in three different regions of Canada (Atlantic, Central and West). 
-The asking price for homes in the Winnipeg real estate market 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 Moncton are $188,468 and $8,230, respectively. Recently, one home sold in each city where the asking price for each home was $225,000. Based on these data, which of the following statements is true?
A) The variance for Winnipeg real estate market is lower than that for Moncton. 
B) The Moncton home has a negative standardized value. 
C) The coefficients of variation are very close to each other (both are about 0.04). 
D) The Winnipeg home has a positive standardized value. 
E) Both homes have the same z-score.

Quizplus · Accepted Answer

The Answer of Consider the following to answer the question(s) below:
The boxplots below show monthly sales revenue figures ($ thousands) for a discount office supply company with locations in three different regions of Canada (Atlantic, Central and West). 
-The asking price for homes in the Winnipeg real estate market 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 Moncton are $188,468 and $8,230, respectively. Recently, one home sold in each city where the asking price for each home was $225,000. Based on these data, which of the following statements is true?
A) The variance for Winnipeg real estate market is lower than that for Moncton. 
B) The Moncton home has a negative standardized value. 
C) The coefficients of variation are very close to each other (both are about 0.04). 
D) The Winnipeg home has a positive standardized value. 
E) Both homes have the same z-score.

Consider the Following to Answer the Question(s) Below