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OpenStudy (howard-wolowitz):
Median price question
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OpenStudy (anonymous):
the middle price is less than the average of all the homes added up and divided to get the average...
OpenStudy (goose.):
There may be a few EXTREMELY high priced houses, then some meh priced houses. Say there were 7 houses..
OpenStudy (michele_laino):
I think that the prices of half of houses are much larger than the median price
OpenStudy (goose.):
Maybe the prices were 53,000 75,000 98,000 113,000 472,000 763,000 and 1,287,000
OpenStudy (goose.):
Your median price would be the 113,000... but your average, or mean price would be 408,000
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