for the homeownership rates give a Compare the mean and

Last updated: 9/7/2023

for the homeownership rates give a Compare the mean and median for the 3 years of data Which value mean or median is more appropriate for these data sets Explain your answers b Compare the degrees of variability in homeownership rates over the 3 years 3 10 The following table presents homeownership rates in percentages by state for the years 1985 1996 and 2002 These values represent the proportion of homes owned by the occupant to the total number of occupied homes OC Compute the mean median and standard Exercise 3 10 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Dist of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota 1985 1996 2002 70 4 71 0 73 5 61 2 62 9 67 3 64 7 62 0 65 9 66 6 66 6 70 2 54 2 63 6 55 0 58 0 64 5 69 1 69 0 69 0 71 6 70 3 71 5 75 6 40 4 44 1 67 2 67 1 68 7 37 4 62 7 69 3 71 7 51 0 50 6 57 4 71 0 71 4 73 0 60 6 68 2 70 2 67 6 69 9 72 8 74 2 75 0 73 9 68 3 67 5 70 2 68 5 73 2 73 5 70 2 64 9 67 1 73 7 76 5 73 9 65 6 66 9 72 0 60 5 61 7 62 7 70 7 73 3 76 0 70 0 75 4 77 3 69 6 73 0 74 8 69 2 70 2 74 6 Missouri Source U S Bureau of the Census State Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming 1985 1996 2002 66 5 68 6 69 3 68 5 66 8 68 4 57 0 61 1 65 5 65 5 65 0 69 5 62 3 64 6 67 2 68 2 67 1 70 3 50 3 52 7 55 0 68 0 70 4 70 0 69 9 68 2 69 5 67 9 69 2 72 0 70 5 68 4 69 4 61 5 63 1 66 2 71 6 71 7 74 0 61 4 56 6 59 6 72 0 72 9 77 3 67 6 67 8 71 5 67 6 68 8 70 1 60 5 61 8 63 8 71 5 72 7 72 7 69 5 70 3 70 2 68 5 68 5 74 3 66 8 63 1 67 0 77 0 75 9 74 3 63 8 68 2 72 0 73 2 68 0 72 8 http www census gov ftp pub hhes www hvs html a Construct relative frequency histogram plots for the homeownership data given in the table for the years 1985 1996 and 2002 b What major differences exist among the plots for the three years c Why do you think the plots have changed over these 17 years d How could Congress use the information in these plots for writing tax laws that allow major tax deductions for homeownership