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(a) The house that sold for $350 thousand has 28 out of 35 house prices below it, so it is at the 80th percentile. The z-score for $350 thousand is (350 – 260.8)/145.6 = 0.61, which is 0.61 standard deviations above the mean house price. (b) $220 thousand—the median is the best measure of the center of a skewed distribution. ................
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