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Concept explainers
To Find: Whether the mean, median and mode is the most useful average for the home buyers.
![Check Mark](/static/check-mark.png)
Answer to Problem 19HP
The median gives the average values for the prices thus it makes more sense to use the median.
Explanation of Solution
Given:
The guide lists the average home prices for the counties in the state.
Calculation:
All the home prices are very precise to the amount. So the chances that the there is any repeated values is unlikely. Thus, it rules out the modes.
There must be a variety of values in which some of the homes are very expensive.
Consider the data set is,
The above that is the price for the 5 random houses. The mean of the above data set is
As, the median gives the average values for the prices thus it makes more sense to use the median.
Chapter 10 Solutions
Glencoe Math Accelerated, Student Edition
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