The following sale prices were recorded: $250,000, $260,000, $255,000, $270,000, $255,000. What is the median sale price?
Correct Answer
A) $255,000
The median is the middle value when data is arranged in order. Arranged: $250,000, $255,000, $255,000, $260,000, $270,000. The middle value is $255,000.
Why This Is the Correct Answer
The median is the middle value when data is arranged in order. Arranged: $250,000, $255,000, $255,000, $260,000, $270,000. The middle value is $255,000.
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