Questions from Statistics


Q: If a house is valued at $375,000 in San

If a house is valued at $375,000 in San Francisco, find the price of a comparable house in Las Vegas.

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Q: Because the batteries used in heart pacemakers are so critically important,

Because the batteries used in heart pacemakers are so critically important, you want to determine the average (mean) length of time that such batteries last before failure.

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Q: If a house is valued at $835,000 in Denver

If a house is valued at $835,000 in Denver, find the price of a comparable house in Dallas.

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Q: If a house is valued at $835,000 in Dallas

If a house is valued at $835,000 in Dallas, find the price of a comparable house in Denver.

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Q: What is an index number? Briefly describe how index numbers are

What is an index number? Briefly describe how index numbers are calculated and what they mean.

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Q: What is the Consumer Price Index (CPI)? How is it

What is the Consumer Price Index (CPI)? How is it supposed to be related to inflation?

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Q: In making price comparisons, why is it important to adjust prices

In making price comparisons, why is it important to adjust prices for the effects of inflation? Briefly describe how we use the CPI to adjust prices.

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Q: If the CPI increases, must wages also increase? Explain.

If the CPI increases, must wages also increase? Explain.

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Q: What is the purpose of binning? Give an example for which

What is the purpose of binning? Give an example for which binning is useful.

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Q: I made a frequency table with two columns, one labeled State

I made a frequency table with two columns, one labeled State and one labeled State capital.

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