To find the median value of the houses, we need to arrange the values from least to greatest:
$150,000, $220,000, $220,000, $220,000, $490,000, $490,000, $490,000, $540,000, $540,000, $800,000, $800,000, $800,000, $800,000, $800,000, $975,000, $975,000
There are a total of 16 houses. Since there is an even number of data points, we need to take the average of the middle two values:
Median = ($490,000 + $540,000)/2 = $515,000
Therefore, the median value of the houses on Mango Street is $515,000.
Use the table to answer the question.
Value per House Number of Houses
$150,000 2
$220,000 4
$490,000 3
$540,000 2
$800,000 5
$975,000 2
The values of several houses on Mango Street are displayed on the table. What is the median value of these houses?
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