Question

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Part 1
A family is looking for a new home. The family is comparing homes in two towns. The median home price of Town 1 is ​$300 comma 000. In Town 2 the median home price is ​$245 comma 304. Based on the median home prices of each​ town, what inference can be​ made? What else might a person conclude from the median​ values?
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Part 1
Which of the following is a correct inference based on the median​ values?
A.The homes in Town 1 and Town 2 are similarly priced.
The homes in Town 1 and Town 2 are similarly priced.
B.The homes in Town 1 are more expensive.
The homes in Town 1 are more expensive.
Your answer is correct.C.The homes in Town 2 are more expensive.
The homes in Town 2 are more expensive.
Part 2
Which of the following is another conclusion that a person might make from the median​ values?
A.The homes in each town are about the same size.
The homes in each town are about the same size.
B.The homes in Town 1 are probably greater in size.
The homes in Town 1 are probably greater in size.
C.The homes in Town 2 are probably greater in size.
The homes in Town 2 are probably greater in size.

Answer 1

Part 1 — B. The homes in Town 1 are more expensive (median $300,000 vs. $245,304).

Part 2 — B. A person might conclude that homes in Town 1 are probably greater in size.
Reason: higher median price could reflect larger homes (or better quality, newer construction, nicer location, etc.). However, this is only a possible inference — median price does not prove size differences because price is affected by many factors (location, age, amenities, taxes, demand, etc.).