To find the median value, we need to list the values in order from least to greatest.
$150,000, $220,000, $490,000, $800,000, $975,000
There are a total of 16 houses. Since 16 is an even number, we need to find the average of the two middle values (the eighth and ninth values).
The eighth value is $490,000 and the ninth value is $800,000.
The average of $490,000 and $800,000 is:
($490,000 + $800,000) / 2 = $645,000
Therefore, the median value of these houses is $645,000.
Use the table to answer the question.
Value per house Number of houses
$150,000 2
$220,000 4
$490,000 3
$800,000 5
$975,000 2
The values of several houses on Mango Street are displayed on the table. What is the median value of these houses?
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1 answer