Joe is interested in the prices of homes sold in his area. He found a list of the selling prices of 50 homes for the past month. Most of the homes sold for $100,000–$350,000, but there were a few that sold for more than $1,000,000. Which of the following statements is true about the mean and median selling price for the 50 homes?
Answer
A
The actual selling prices are needed to determine this.
B
The mean is greater than the median.
C
The mean and median are equal.
D
The mean is less than the median.
Explanation
The few homes priced above $1,000,000 are much higher than the prices of most homes. These unusually high values pull the mean upward, while the median—the middle price when all 50 prices are ordered—is less affected by them. Therefore, the mean is greater than the median.
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