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Construction of Probability Distribution

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Refer to the Real Estate data, which reports information on homes sold in the Denver, Colorado, area last year.

a. Create a probability distribution for the number of bedrooms. Compute the mean and the standard deviation of this distribution.

b. Create a probability distribution for the number of bathrooms. Compute the mean and the standard deviation of this distribution.

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Solution Summary

This is an illustration of how a probability distribution can be constructed from a given data and then compute mean and standard deviation from it.

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