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Directions: Answer the following questions.
1. Pretend that you want to sell your house. You narrow your search to two companies: VRT Housing and CTS Housing. Both companies advertise that sellers receive, on average, 90% of their asking price. Answer the following question.
Question: Does it matter which company you choose?
Question: Does the mean (average), describe the data accurate enough to make an informed decision?

2. Let's add some data to the example to illustrate the point. Assume the following percent of asking price received on the previous sales from each company:
•VRT: 88, 92, 91, 89, 89, 91, 91, 89, and 90

•CTS: 71, 100, 100, 83, 100, 95, 86, and 90

Question: How can you make an informed decision about which company will offer you the greatest benefit for the least risk?


Can you please answer this for me/us?
we need a correct answer.
nonsense #Report​

Sagot :

Answer:

1. a) It doesn't with this information as the data given for both is the same meaning that there is no better option.

  b) No it does not, as it doesn't show any difference between the 2 companies.

2. You can calculate the range and average of the data for both companies and then evaluate which one is better.

Step-by-step explanation: