Post by: Pineappleeh on Jan 18, 2020
The table below gives the sale price of seven homes sold in the same neighborhood over a six month period.
a. Find the mean price and median price for these homes.
b. Which home is an outlier on the high end? If you eliminate this home, what are the new mean and median prices for these homes?
c. Which home is an outlier on the low end? If you eliminate this home, what are the new mean and median prices for these homes?
d. If you eliminate both outliers, what are the new mean and median prices for these homes?
Post by: emilymalinowski12 on Jan 18, 2020
b. 154 Dogwood Dr. is an outlier on the high end. Without 154 Dogwood Dr., the mean is
and the median is $289,500c. 215 Pebble Ln. is an outlier on the low end. Without 215 Pebble Ln. (but with 154 Dogwood Dr.), the mean is
and the median is $296,500d. Mean: $293,800; median: $292,000