To find the median value, 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 total values, the median will be the average of the 3rd and 4th value when arranged in ascending order. Therefore, the median value is:
($490,000 + $540,000) / 2 = $515,000
Value per House Number of Houses
$150,000 2
$220,000 4
$490,000 3
$540,000 2
$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?
1 answer