Question

in a residential neighborhood, the distribution of house valies is Unimodal and skewed to the right, with a median of $200,000 and an IQR of $100,000. for which of the following sample sizes is the sample median most likely to be above $250,000?A. n=10B. n=50C. n=100D. n=1000E. impossible to determine without more information

Answer 1

The smaller the sample size the greater the variability and higher the chance of getting an overestimate

From the given data

Median = $200,000

IQR = $100,000

The sample size for the median above to $250,000 is n =10

Because n=10 shows a sample with the fewest values, it is most likely that the sample median will be farther from the true median.

Answer : A) n = 10