The following data represent the recent sales price (in $1,000s)of 24 homes in a Midwestern city. Suppose the data on house prices will be grouped into five classes.The width of the classes for a frequency distribution or histogram is the closest to _______.
A) 15
B) 20
C) 25
D) 30

Question

The following data represent the recent sales price (in $1,000s)of 24 homes in a Midwestern city.  Suppose the data on house prices will be grouped into five classes.The width of the classes for a frequency distribution or histogram is the closest to _______.
A) 15 
B) 20 
C) 25 
D) 30

Quizplus · Accepted Answer

To group the 24 data points into 5 classes, each class would need to contain roughly 4-5 data points. Therefore, the range of the data would need to be divided into intervals of 4-5. Since the data range from 50 to 220, the closest interval width to accommodate this would be 25.

The Following Data Represent the Recent Sales Price (In $1,000s)of