Use the following to answer the questions below:

-The provided histogram displays the prices (in thousands of dollars) of 25 homes sold in 2019 in a Midwestern city.

In general, this shape, right skewed with some unusually high values, is common for describing home values in many cities. For this reason, the median home value for a city is a useful parameter. This sample of recently sold homes had a median price (value) of $232,500. Someone considering moving to this city is interested in knowing if the median home value is more than $200,000.
Describe how you would generate a single randomization sample in this situation, and identify the statistic you would calculate from the sample.

Question

Use the following to answer the questions below:
 
-The provided histogram displays the prices (in thousands of dollars) of 25 homes sold in 2019 in a Midwestern city.
  
In general, this shape, right skewed with some unusually high values, is common for describing home values in many cities. For this reason, the median home value for a city is a useful parameter. This sample of recently sold homes had a median price (value) of $232,500. Someone considering moving to this city is interested in knowing if the median home value is more than $200,000.
Describe how you would generate a single randomization sample in this situation, and identify the statistic you would calculate from the sample.

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The Answer of Use the following to answer the questions below:
 
-The provided histogram displays the prices (in thousands of dollars) of 25 homes sold in 2019 in a Midwestern city.
  
In general, this shape, right skewed with some unusually high values, is common for describing home values in many cities. For this reason, the median home value for a city is a useful parameter. This sample of recently sold homes had a median price (value) of $232,500. Someone considering moving to this city is interested in knowing if the median home value is more than $200,000.
Describe how you would generate a single randomization sample in this situation, and identify the statistic you would calculate from the sample.

Use the Following to Answer the Questions Below