housing prices

Identify whether this rate represents the mean or the median of the data set.Assess whether that is ideally what you’d want to know for this data.provide a specific reason for your answer.

by

This video focuses on when to use a mean and when to use a median. When data all have similar values, such as housing prices of similar-sized houses on the same block, then the mean is an appropriate measure, but if the value of one residence is 50 times as high as the others, then … Read more