A survey was conducted by the market research department of the National Real Estate Company among 500 prospective buyers in a large metropolitan area to determine the maximum price a prospective buyer would be willing to pay for a house. From the data collected, the distribution that follows was obtained.
Compute the mean, variance, and standard deviation of the maximum price (in thousands of dollars) that these buyers were willing to pay for a house. Round the answers to the nearest integer if necessary.
Maximum Price Considered,
$ __________ $ __________ $ __________

Question

A survey was conducted by the market research department of the National Real Estate Company among 500 prospective buyers in a large metropolitan area to determine the maximum price a prospective buyer would be willing to pay for a house. From the data collected, the distribution that follows was obtained.
Compute the mean, variance, and standard deviation of the maximum price (in thousands of dollars) that these buyers were willing to pay for a house. Round the answers to the nearest integer if necessary.
Maximum Price Considered,  
 $ __________  $ __________  $ __________

Quizplus · Accepted Answer

The Answer of A survey was conducted by the market research department of the National Real Estate Company among 500 prospective buyers in a large metropolitan area to determine the maximum price a prospective buyer would be willing to pay for a house. From the data collected, the distribution that follows was obtained.
Compute the mean, variance, and standard deviation of the maximum price (in thousands of dollars) that these buyers were willing to pay for a house. Round the answers to the nearest integer if necessary.
Maximum Price Considered,  
 $ __________  $ __________  $ __________

A Survey Was Conducted by the Market Research Department of the National