Value per House Number of Houses

Question

$150,000
2
$220,000
4
$490,000
3
$540,000
2
$800,000
5
$975,000
2
A)
Use the table to answer the question.
The values of several houses on Mango Street are displayed on the table. What is the median value of these houses?

Answer 1

To find the median value, we need to arrange the house values in ascending order first:

$150,000
$220,000
$490,000
$540,000
$800,000
$975,000

There are a total of 18 houses (2+4+3+2+5+2=18), which is an even number.

The median value is the average of the two middle values.
In this case, the middle two values are the 9th and 10th value, which are $540,000 and $800,000.

To find the median, we add these two values together and divide by 2:

($540,000 + $800,000) / 2 = $1,340,000 / 2 = $670,000

Therefore, the median value of these houses on Mango Street is $670,000.