What is the median value of the following sale prices: $310,000, $285,000, $295,000, $325,000, and $305,000?
Correct Answer
A) $305,000
The median is the middle value when data is arranged in order. Arranged: $285,000, $295,000, $305,000, $310,000, $325,000. The middle value is $305,000.
Why This Is the Correct Answer
The median is the middle value when data is arranged in order. Arranged: $285,000, $295,000, $305,000, $310,000, $325,000. The middle value is $305,000.
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