Several years ago, the average price for homes sold in my neighborhood was $200,000. Now homes are selling for an average of $145,000 (presumably due to the failing economy and people losing their jobs – the unemployment rate is 12.5 because of job loss).
Need Help Writing an Essay?
Our team of talented writers is ready to assist. We offer essay writing help in over 75 disciplines, ensuring a convenient and comprehensive solution for all your academic needs!
Get Help Now!How do I calculate the mean price of houses over this time period?
How do I calculate the median price of houses over this time period?
Do the mean and median prices differ from one another?
© BrainMass Inc. brainmass.com March 21, 2019, 7:23 pm ad1c9bdddf
https://brainmass.com/psychology/abnormal-psychology/difference-mean-median-290914
Solution Preview
Originally, the average price of houses was 200K. Now it is 145K. These are your original averages (remember, an average is a mean).
To calculate a mean, you add all of your values together and then divide that sum by the number of values you added. In this case, you have two …
Get Quick Assignment Writing Help – No Plagiarism Guarantee!
Online assignment writing service website that provide university students with original and quality academic essays, term papers, admission essays, annotated bibliographies, reports, scholarship essays, personal statements, research proposals, research papers, projects, presentations, dissertation, theses, movie reviews, Book reviews, application papers, among others.
Having trouble with a homework question? Our skilled assignment writers are here to provide answers to all types of queries, ranging from fundamental mathematics to cutting-edge rocket science!
