Use the table to answer the question. Value per house $150,000. Number of houses 2. Value per house $220,000. Number of houses 4. Value per house $490,000. Number of houses 3. Value per house $540,000 number of houses 2. Value per house $800,000 number of houses 5 value per house $975,000 number of houses 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 of the houses, we first need to arrange the values in ascending order:

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

Since there are 6 values, the median will be the average of the 3rd and 4th values:

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

Therefore, the median value of these houses is $515,000.