Math  /  Data & Statistics

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The prices of 9 houses sold in a neighborhood are shown. Complete parts (a) through (e) below. \begin{tabular}{ll} $199,000\$ 199,000 & $210,000\$ 210,000 \\ $171,000\$ 171,000 & $185,000\$ 185,000 \\ $220,000\$ 220,000 & $188,000\$ 188,000 \\ $17,000\$ 17,000 & $190,000\$ 190,000 \\ $485,000\$ 485,000 & \end{tabular} A. The mode of the data set is $\$ \square (Type an integer or a decimal. Use a comma to separate answers as needed.) B. There is no mode. d) Determine the midrange.
The midrange of the data set is $328,000\$ 328,000. (Type an integer or a decimal.) e) Which measure of central tendency, the mean or the median, best represents the typical price of the houses sold?
The best measure of central tendency that represents the typical price of the houses sold is the mean \square because the mean is not affected by unusual data values.

Studdy Solution
Compare the mean and median. The median is less affected by the outlier (\$485,000) than the mean. Therefore, the median better represents the typical price of the houses sold.
The mode is: No mode
The midrange is: \$251,000
The best measure of central tendency is the median because it is less affected by unusual data values.

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