Question

center, spread, and shape of distributions: foundations
the cost of each house in new mexico is summarized in the histogram.
houses that are worth more than 1 million dollars are not shown due to
space limitations. above 1 million dollars, the number of houses continues
to decrease steadily as the cost increases. what is the range of house
costs?
choose 1 answer:
0
150 thousand
1,000 thousand
there is not enough information to determine the range.

Explanation:

Step1: Recall the formula for range

The range of a data - set is calculated as \(Range = \text{Maximum value}-\text{Minimum value}\).

Step2: Identify the minimum and maximum values from the context

The minimum value of the house cost (from the histogram's x - axis) is \(0\) (in thousands of dollars). The maximum value, although houses above \(1000\) (in thousands of dollars, which is \(1\) million dollars) are not fully shown, but since the x - axis is labeled up to \(1000\) (in thousands of dollars) and the problem states that the number of houses continues to decrease for values above \(1000\) (in thousands of dollars), the maximum value of the data set (for the purpose of calculating the range based on the given information about the spread of the data) is \(1000\) (in thousands of dollars).

Step3: Calculate the range

Substitute the values into the range formula: \(Range=1000 - 0\).

Answer:

\(1000\) thousand