Statistics Unit Test

Question

5 of 155 of 15 Items

Question
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 2The values of several houses on Mango Street are displayed on the table. What is the median value of these houses?


(1 point)

Answer 1

To find the median value, we first need to arrange the values in order from least to greatest:

$150,000, $150,000, $220,000, $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 18 values in total, so the median is the average of the 9th and 10th values, which are $490,000 and $540,000.

Therefore, the median value of these houses is ($490,000 + $540,000) / 2 = $515,000.