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Provide the Appropriate Response $122,000\$ 122,000 the Median Value of the Houses Is

Question 97

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Provide the appropriate response.
-A street has 18 houses on it. The mean value of the houses is $122,000\$ 122,000 . The median value of the houses is $135,000\$ 135,000 . Suppose someone builds an $850,000\$ 850,000 house at the end of the street. Will the mean or the median increase more? Explain.

Correct Answer:

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The median is more stable. It is the mid...

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