Howard-Wolowitz
  • Howard-Wolowitz
Median price question
Mathematics
chestercat
  • chestercat
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anonymous
  • anonymous
the middle price is less than the average of all the homes added up and divided to get the average...
Goose.
  • Goose.
There may be a few EXTREMELY high priced houses, then some meh priced houses. Say there were 7 houses..
Michele_Laino
  • Michele_Laino
I think that the prices of half of houses are much larger than the median price

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Goose.
  • Goose.
Maybe the prices were 53,000 75,000 98,000 113,000 472,000 763,000 and 1,287,000
Goose.
  • Goose.
Your median price would be the 113,000... but your average, or mean price would be 408,000

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