Purchase Solution

# Mean, variance and standard deviation

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The sales records for a real estate company are given. From the sample data, the following frequency distribution has been developed.

Sale Price (1000's) Number of Houses Sold (frequency)
20-39 1
40-59 2
60-79 4
80-99 2
100-119 1

Calculate the mean, variance and standard deviation for the grouped data. Based on the previous answer, how much could the realtor expect to make if he sells 3 houses?

##### Solution Summary

The mean, variance and standard deviation of a real estate company's number of houses sold is analyzed.

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