Bluman, A. G. (2012). Elementary statistics: A step-by-step approach (8th ed.). New York: McGraw-Hill. ISBN 9780073386102
Assume that your company is relocating you to a new state and city with an increase in salary. (Assume a 15% salary increase for you, and that your spouse, if working now, can receive an equivalent salary with no difficulty after the move to the new location.) Since you are guaranteed that you will be in the new location at least three years, you are thinking about buying a home there. One major problem is that you have no current knowledge about the area.
Drections: Pick any city you wish that would fit these parameters as your fictitious relocation site. You need current (or as near current as possible) statistical information to make an informed decision.Research the municipal, public safety, real estate, and other information sites for the location. Note the statistical facts you feel will help you to make an educated decision.
Based upon your readings this week, the facts you gathered, your knowledge of the normal distribution curve properties, and your personal needs and wants, answer the following questions:
Would you buy a home immediately? Which statistical facts contributed most to this decision?
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