In real estate the Median house price is reported rather than the mean because_____.
A)it helps sale houses
B)it is not affected by extreme house prices
C)it indicates that 50% houses cost more and 50% cost less
D)Both b & c
E)All of these

Question

Quizplus · Accepted Answer

The median house price is not affected by extreme house prices and it indicates that 50% houses cost more and 50% cost less, making it a more reliable measure of central tendency in real estate. It may also indirectly help with sales as it provides a clearer picture of the typical price range in a given area. Therefore, option D - Both b & c, is the correct answer.

In Real Estate the Median House Price Is Reported Rather