Question

Use the table to answer the question.

Number of Houses Across Different Property Value Ranges
Value per House Number of Houses
$150,000
$
150
,
000
2
$220,000
$
220
,
000
4
$490,000
$
490
,
000
3
$540,000
$
540
,
000
2
$800,000
$
800
,
000
5
$975,000
$
975
,
000
2
The values of several houses on Mango Street are displayed on the table. What is the median value of these houses?

Answer 1

Total houses = 2 + 4 + 3 + 2 + 5 + 2 = 18 (even), so the median is the average of the 9th and 10th values.

Cumulative counts: 150k (2), 220k (6), 490k (9), 540k (11) — so the 9th value = 490,000 and the 10th = 540,000.

Median = (490,000 + 540,000) / 2 = 515,000.

Answer: $515,000.