Mathematics, 07.10.2020 14:01 lisacarter0804

18. In Manhattan, Kansas, the county appraiser (who determines the value of properties for tax purposes) appraised a house to be worth $59,500. However, he accidentally entered the value in as $200,059,500. a. How would this mistake have affected the mean home price in Manhattan, Kansas? Explain.

b. How would this mistake have affected the median home price in Manhattan, Kansas? Explain.

c. Describe the effect that this had on the spread of home prices. Discuss Standard Deviation and IQR in your
answer. HINT: These two measures would be affected differently!

d. Manhattan, Kansas is a town with about 56,000 people. How would the effects of the county appraiser’s mistake be different if Manhattan, Kansas had a population of 2,000,000 people? Explain your answer

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18. In Manhattan, Kansas, the county appraiser (who determines the value of properties for tax purpo...

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