Question

Use the table to answer the question.
Value per House Number of Houses
$150,000
$220,000
$490,000
$540,000
$800,000
$975,000
2
4
3
2
5
2
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 values in numerical order from least to greatest:

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

The median value is the middle value when the numbers are in order. Since there are 6 values, the median will be the average of the 3rd and 4th values:

Median = ($490,000 + $540,000) / 2
Median = $1,030,000 / 2
Median = $515,000

Therefore, the median value of the houses on Mango Street is $515,000.