The Basic Practice of Statistics 7th Edition

Published by W. H. Freeman
ISBN 10: 1-46414-253-X
ISBN 13: 978-1-46414-253-6

Chapter 2 - Describing Distributions with Numbers - Apply Your Knowledge: 2.4

Answer

The median is 270,900, and the mean is 340,300.

Work Step by Step

House prices are usually skewed to the right (high), so the mean would be higher than the median.
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