Home Prices The following table shows median home prices, in...

Home Prices The following table shows median home prices, in thousands of dollars, in four regions of the United States in May $2013,$ as well as the year-over-year changes in 2014 and 2015 : $^{2}$ $$ \begin{array}{|r|c|c|c|c|} \hline & \text { Northeast } & \text { Midwest } & \text { South } & \text { West } \\ \hline \text { May 2013 } & 270 & 160 & 183 & 276 \\ \hline \text { Change in 2014 } & -13 & 6 & 0 & 18 \\ \hline \text { Change in 2015 } & 12 & 16 & 15 & 30 \\ \hline \end{array} $$

Home Prices The following table shows median home prices, in thousands of dollars, in four regions of the United States in May $2013,$ as well as the year-over-year changes in 2014 and 2015 : $^{2}$
$$ \begin{array}{|r|c|c|c|c|} \hline & \text { Northeast } & \text { Midwest } & \text { South } & \text { West } \\ \hline \text { May 2013 } & 270 & 160 & 183 & 276 \\ \hline \text { Change in 2014 } & -13 & 6 & 0 & 18 \\ \hline \text { Change in 2015 } & 12 & 16 & 15 & 30 \\ \hline \end{array} $$

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Key Concepts

Median

The median is a measure of central tendency that indicates the middle value of a data set when the values are arranged in order. It is useful for understanding the typical value in a distribution, especially in cases where the data may be skewed by outliers.

Data Tables

Data tables are used to organize and present information in a structured format of rows and columns. They allow for efficient comparison and analysis of multiple variables across different categories or groups.

Year-over-Year Change

Year-over-year change is a technique used to compare data from one period to the same period in a different year. This comparison helps identify trends, growth, or decline over time by highlighting the differences in values from one year to the next.

Data Interpretation

Data interpretation involves extracting meaningful insights from numerical data. It requires analyzing the figures presented in formats such as tables, and understanding the implications of trends, comparisons, and changes in the data.

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