9. Justify Conclusions A real-estate guide lists the average home prices for countie in your state. Do you think the mean, median, or mode would be the most useful average for homebuyers? Explain.
Solución de inteligencia artificial de Upstudy
Responder
Solución
Respondido por UpStudy AI y revisado por un tutor profesional


The Deep Dive
When it comes to home prices, the median is often the most useful average for homebuyers. This is because the median price reflects the middle point of a dataset, which means it is less affected by extreme values or outliers—like a multi-million dollar mansion skewing the average. By focusing on the median, buyers get a clearer picture of what a typical home actually costs in their desired area. On the other hand, the mode, which indicates the most frequently occurring price, could also have its place. However, if the mode is a price that doesn’t fit the majority of homes on the market, it might not be very illustrative. For instance, if a lot of homes are priced around $300,000 but a small number are clustered at $450,000, the mode might mislead buyers.
