value of house: number of houses

Question

125,000 3
150,000 2
160,000 3
170,000 5
200,000 3
The values of several houses on Mesa Avenue are displayed on the table. What is the median value of these houses?

Answer 1

To find the median value of the houses on Mesa Avenue, we first need to list all the values in ascending order:

125,000, 125,000, 125,000, 150,000, 150,000, 160,000, 160,000, 160,000, 170,000, 170,000, 170,000, 170,000, 170,000, 200,000, 200,000, 200,000

There are 16 values in total, so the median will be the average of the eighth and ninth values, which are both 160,000.

Therefore, the median value of the houses on Mesa Avenue is $160,000.