Use the table to answer the question.

Question

Value per House Number of Houses
$150,000 2
$220,000 4
$490,000 3
$540,000 2
$800,000 5
$975,000 2The 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 18 houses in total, the median value will be the average of the 9th and 10th values:

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

Therefore, the median value of the houses on Mango Street is $515,000.