center, spread, and shape of distributions: foundations\nthe cost of each house in new mexico is summarized…

center, spread, and shape of distributions: foundations\nthe cost of each house in new mexico is summarized in the histogram.\nhouses that are worth more than 1 million dollars are not shown due to\nspace limitations. above 1 million dollars, the number of houses continues\nto decrease steadily as the cost increases. what is the range of house\ncosts?\nchoose 1 answer:\n0\n150 thousand\n1,000 thousand\nthere is not enough information to determine the range.
Answer
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 histogram context
From the (x -)axis (cost of house in thousands of dollars), assume the minimum cost of a house is (0) thousand dollars (the left - most point of the histogram's relevant data). The maximum value (since houses over 1 million dollars are not shown but we consider the upper - bound of the data we can work with from the axis labels) is (1000) thousand dollars.
Step3: Calculate the range
Using the range formula (Range=1000 - 0=1000) thousand dollars.
Answer:
C. 1,000 thousand