Suppose we gathered the following list of home prices. $80,000 $121,000 $121,000 $121,000 $122,000 $135,000 $135,000 $160,000 $170,000 Find the mean, median, and mode of these home prices (to the nearest thousand). mean $ median $ mode $
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Step 1
To find the mean, we add up all the numbers and divide by the total number of values. $80,000 + $121,000 + $121,000 + $121,000 + $122,000 + $135,000 + $135,000 + $160,000 + $170,000 = $1,065,000 There are 9 values, so the mean is $1,065,000 / 9 = $118,333.33 Show more…
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