Mathematics, 02.09.2021 18:50, blazenrais

. Suppose that a sample of 100 homes in the metropolitan Phoenix area had a median sales price of $300,000. The mean value of these homes was $1,000,000 Explain how this could
happen. Why might the median price be more informative than the mean price in describing a
typical house price?

Answers: 3

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. Suppose that a sample of 100 homes in the metropolitan Phoenix area had a median sales price of $300,000. The mean value of these homes was $1,000,000 Explain how this could happen. Why might the median price be more informative than the mean price in describing a typical house price?

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Other questions on the subject: Mathematics

Questions in other subjects:

. Suppose that a sample of 100 homes in the metropolitan Phoenix area had a median sales price of $300,000. The mean value of these homes was $1,000,000 Explain how this could
happen. Why might the median price be more informative than the mean price in describing a
typical house price?