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Step 3: Enter your full question details here Moore Basic Statistics questions 2.4 House prices. The mean and median selling prices of existing single-family homes sold in 2007 were $218.900 and $265, 800. Which of these numbers is the mean and which is the median? Explain why. Step 3: Enter your full question details here Moore Basic Statistics questions 2.4 House prices. The mean and median selling prices of existing single-family homes sold in 2007 were $218.900 and $265, 800. Which of these numbers is the mean and which is the median? Explain why.

Explanation / Answer

Mean is usually lower than median when it comes to housing prices. For example, if you lived in an area where you had mostly middle class homes but there was a student housing complex nearby, you might see such a distribution since most of the people earn around the median except for a few that earn much less. Check it out: 1+2+3 + 19+20+21+22+23 / 8 = 13.875 (mean) and the median is 19.5. Please rate!

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