In a certain city, the true average house price is $157,000 with a standard deviation of $8,765. A real estate agent who does not know this, would like to estimate the average house price by taking a sample of size 114 houses. (a) Suppose that many samples of size 114 were taken. For each sample, the average house price is computed, y. What value would you expect for the average of these y's

b. 6

step-by-step explanation:

we are given the table representing an exponential function.

we can see from the table that, as x is increasing, the value of y is increasing in the power of 6.

i.e. the following relation is obtained,

x = 1, y = 6

x = 2, y = 36 =

x = 3, y = 216 =

x = 4, y = 1296 =

x = 5, y = 7776 =

so, the geometric series obtained is .

thus, the common ratio is given by = = 6.

hence, the common ratio is 6.

answer

a) the midrange of the data set shown is 85.5

step by step explanation

let's find the midrange.

the midrange is nothing but add the greatest value and the least value, then divide it by 2.

here the greatest value = 99

the least value = 72

midrange = (99 + 72)/2

= 171/2

midrange = 85.5

you.