Atlanta, GA 87.8 115.1 Philadelphia, PA 193.5 197.7 Baltimore, MD 218.1 226.5 Phoenix, AZ 129.9 169.0 Boston, MA 311.5 332.2 Portland, OR 208.6 246.5 Chicago, IL 157.2 159.4 Riverside, CA 174.3 216.7 Cincinnati, OH 112.5 121.0 St. Louis, MO 103.7 111.0 Houston, TX 152.1 163.7 San Diego, CA 359.5 412.3 Los Angeles, CA 122.1 155.1 San FrancisCO, CA 448.0 593.9 Miami, FL 182.0 219.9 Seattle, WA 265.4 3126 Minneapolis, MN 147.3 170.6 Tampa, FL 131.9 141.8 New York, NY 363.8 368.2 Washington, DC 311.6 348.7 Source: National Realtors Association

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House prices: The following table presents prices, in thousands of dollars, of single-family homes for 20 of the 25 largest
metropolitan areas in the United States for the third quarter of 2012 and the third quarter of 2013 (information for Detroit was
unavailable),
Metro Area
2012
2013
Metro Area
2012
2013
Atlanta, GA
878
115.1
Philadelphia, PA
193.5
197 7
Baltimore, MD
218.1
226.5
Phoenix, AZ
129,9
169.0
Boston, MA
311.5
332.2
Portland, OR
208.6
246.5
Chicago, IL
157.2
159.4
Riverside, CA
174.3
216.7
Cincinnati, OH
112.5
121.0
St. Louis, MO
103.7
111.0
Houston, TX
152.1
163.7
San Diego, CA
359.5
412.3
Los Angeles, CA
122.1
155.1
San Francisco, CA
448.0
593.9
Miami, FL
182.0
219.9
Seattle, WA
265.4
312.6
Minneapolis, MN
147.3
170.6
Tampa, FL
131.9
141.8
New York, NY
363.8
368.2
Washington, DC
311.6
348.7
Source: National Realtors Association
Send data to Excel
(a) Find the mean and median price for 2012. Round the answers to at least two decimal places.
(b) Find the mean and median price for 2013. Round the answers to at least two decimal places.
(c) In general, house prices increased from 2012 to 2013, Which increased more, the mean or the median?
Transcribed Image Text:House prices: The following table presents prices, in thousands of dollars, of single-family homes for 20 of the 25 largest metropolitan areas in the United States for the third quarter of 2012 and the third quarter of 2013 (information for Detroit was unavailable), Metro Area 2012 2013 Metro Area 2012 2013 Atlanta, GA 878 115.1 Philadelphia, PA 193.5 197 7 Baltimore, MD 218.1 226.5 Phoenix, AZ 129,9 169.0 Boston, MA 311.5 332.2 Portland, OR 208.6 246.5 Chicago, IL 157.2 159.4 Riverside, CA 174.3 216.7 Cincinnati, OH 112.5 121.0 St. Louis, MO 103.7 111.0 Houston, TX 152.1 163.7 San Diego, CA 359.5 412.3 Los Angeles, CA 122.1 155.1 San Francisco, CA 448.0 593.9 Miami, FL 182.0 219.9 Seattle, WA 265.4 312.6 Minneapolis, MN 147.3 170.6 Tampa, FL 131.9 141.8 New York, NY 363.8 368.2 Washington, DC 311.6 348.7 Source: National Realtors Association Send data to Excel (a) Find the mean and median price for 2012. Round the answers to at least two decimal places. (b) Find the mean and median price for 2013. Round the answers to at least two decimal places. (c) In general, house prices increased from 2012 to 2013, Which increased more, the mean or the median?
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