What conclusion can be drawn from statistics that indicate that the average cost of a house in a specific neighbourhood is $150,000,the range is $48,000 to $2,000,000,the median house cost is $98,000,and the mode is $90,000?

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The fact that the average cost, or mean, is $150,000 and the median is $98,000 suggests that there may be some expensive houses in the neighbourhood that are driving up the average. However, the fact that the mode is $90,000 indicates that there are also a significant number of houses priced lower than the mean. Therefore, the "typical" or most common cost of a house in this neighbourhood is closer to $90,000 or $98,000 (median) rather than $150,000 (mean). The large range of prices also indicates that there is a lot of variation in housing costs in this neighbourhood. There is no direct information provided about the standard deviation or the relationship between the mode and median.

What Conclusion Can Be Drawn from Statistics That Indicate That