SPICY--Try if you have time
**You may use a calculator for this question only. Please still show what numbers you are using, any operations, etc.**
Real Estate--Ms. Rosenthal wants to find the average house price around Northern California.
She can either find the average of homes in Los Altos only or she can find the average of houses from a few different cities.
(The prices below are in the millions. $3.7M is $3,700,000 and $0.472M is $472,000)
Los Altos only: $3.7M, $2.9M, $4.5M, $3.1M
Los Altos, San Francisco, and Modesto, San Jose: $3.7M, $1.1M, $0.472M, $1.9M, $0.998M
a) What is the mean price for both sets of data?
"a) The mean house prices are..."
b) Which sample would be more representative of house prices around Northern California? Why?
"b) The sample that is more representative is... because..."