According to a government's census bureau, in February 2010, the median sales price of new houses was $220,500 and the mean sales price was $282,600. a. Interpret the median sales price. >. Interpret the mean sales price. c. Discuss the shape of the distribution of the price of new houses. a. Choose the correct answer below. OA. Half of the prices for a new house are smaller than or equal to $282,600, and the other half the prices for a new house are larger than or equal to $282,600. O B. Half of the prices for a new house are smaller than $282,600, and the other half of the prices for a new house are larger than $282,600. OC. Half of the prices for a new house are smaller than or equal to $220,500, and the other half the prices for a new house are larger than or equal to $220,500. O D. Half of the prices for a new house are smaller than $220,500, and the other half of the prices for a new house are larger than $220,500.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 26PFA
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According to a government's census bureau, in February 2010, the median sales price of new houses was $220,500
and the mean sales price was $282,600.
a. Interpret the median sales price.
b. Interpret the mean sales price.
c. Discuss the shape of the distribution of the price of new houses.
a. Choose the correct answer below.
A. Half of the prices for a new house are smaller than or equal to $282,600, and the other half the prices for a new
house are larger than or equal to $282,600.
B. Half of the prices for a new house are smaller than $282,600, and the other half of the prices for a new house
are larger than $282,600.
C. Half of the prices for a new house are smaller than or equal to $220,500, and the other half the prices for a new
house are larger than or equal to $220,500.
D. Half of the prices for a new house are smaller than $220,500, and the other half of the prices for a new house
are larger than $220,500.
Transcribed Image Text:According to a government's census bureau, in February 2010, the median sales price of new houses was $220,500 and the mean sales price was $282,600. a. Interpret the median sales price. b. Interpret the mean sales price. c. Discuss the shape of the distribution of the price of new houses. a. Choose the correct answer below. A. Half of the prices for a new house are smaller than or equal to $282,600, and the other half the prices for a new house are larger than or equal to $282,600. B. Half of the prices for a new house are smaller than $282,600, and the other half of the prices for a new house are larger than $282,600. C. Half of the prices for a new house are smaller than or equal to $220,500, and the other half the prices for a new house are larger than or equal to $220,500. D. Half of the prices for a new house are smaller than $220,500, and the other half of the prices for a new house are larger than $220,500.
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