A family is looking for a new home. The family is comparing homes in two towns. The median home price of Town 1 is $400 comma 000. In Town 2 the median home price is $342 comma 122. Based on the median home prices of each town, what inference can be made? What else might a person conclude from the median values?

Question

A family is looking for a new home. The family is comparing homes in two towns. The median home price of Town 1 is ​$400 comma 000. In Town 2 the median home price is ​$342 comma 122. 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 are more expensive.
The homes in Town 1 are more expensive.
Your answer is correct.B.The homes in Town 2 are more expensive.
The homes in Town 2 are more expensive.
C.The homes in Town 1 and Town 2 are similarly priced.
The homes in Town 1 and Town 2 are similarly priced.
Part 2
Which of the following is another conclusion that a person might make from the median​ values?
A.The homes in Town 1 are probably greater in size.
The homes in Town 1 are probably greater in size.
B.The homes in Town 2 are probably greater in size.
The homes in Town 2 are probably greater in size.
C.The homes in each town are about the same size.
The homes in each town are about the same size.
Which of the following is a correct inference based on the median values?Which of the following is another conclusion that a person might make from the median values?

GPT-4o mini · Answer

### Part 1 **Which of the following is a correct inference based on the median values?** A. The homes in Town 1 are more expensive. **(Correct)** B. The homes in Town 2 are more expensive. C. The homes in Town 1 and Town 2 are similarly priced. **Explanation**: Based on the median prices provided, $400,000 for Town 1 and $342,122 for Town 2, we can infer that the homes in Town 1 are indeed more expensive than those in Town 2. --- ### Part 2 **Which of the following is another conclusion that a person might make from the median values?** A. The homes in Town 1 are probably greater in size. **(Possible Conclusion)** B. The homes in Town 2 are probably greater in size. C. The homes in each town are about the same size. **Explanation**: While median home prices indicate the cost of homes in each town, a person might infer that homes in the more expensive town (Town 1) could be larger or of higher quality, assuming that higher price correlates with better size or amenities. However, this is not a definitive conclusion since factors like location, market demand, and home type can also influence prices. In summary: - **Part 1 Answer**: A. The homes in Town 1 are more expensive. - **Part 2 Answer**: A. The homes in Town 1 are probably greater in size.