3. Describing Data Numerically
Median
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A real estate analyst is studying house prices in a neighborhood. Find the median of the data below.
A
$305,000
B
$300
C
$300,000
D
$299,444
Verified step by step guidance1
First, list all the home prices given in the image: 320, 275, 310, 290, 305, 295, 285, 315, 300.
Next, arrange these prices in ascending order: 275, 285, 290, 295, 300, 305, 310, 315, 320.
Count the number of data points. There are 9 home prices.
Since there is an odd number of data points, the median is the middle value in the ordered list.
Identify the middle value, which is the 5th value in the ordered list: 300.
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