The following table presents prices, in thousands of dollars, of single-family homes for some of the largest
Question:
The following table presents prices, in thousands of dollars, of single-family homes for some of the largest metropolitan areas in the United States for the third quarter of 2015 and the third quarter of 2016.
a. Find the mean and median price for 2015.
b. Find the mean and median price for 2016.
c. Did the mean price increase or decrease from 2015 to 2016?
d. Did the median price increase or decrease from 2015 to 2016?
Transcribed Image Text:
Metro Area 2015 2016 Metro Area 2015 2016 Atlanta, GA 181.5 182.0 New York, NY 398.3 395.4 Baltimore, MD 254.5 265.8 Philadelphia, PA 231.7 232.2 Boston, MA 414.6 435.8 Phoenix, AZ 217.9 234.7 Chicago, IL 286.4 250.8 Pittsburgh, PA 159.5 155.0 Cincinnati, OH 151.9 160.6 Portland, OR 314.8 356.7 Cleveland, OH 129.7 138.1 Riverside, CA 291.7 315.5 Dallas, TX 215.2 232.2 St. Louis, MO 163.6 170.3 Denver, CO 362.9 394.4 San Diego, CA 547.8 589.9 Houston, TX 221.1 217.4 San Francisco, CA 808.6 885.6 Los Angeles, CA 449.0 480.0 Seattle, WA 385.3 420.5 Miami, FL 289.0 310.0 Tampa, FL 175.0 199.9 Minneapolis, MN 228.0 242.4 Washington, DC 401.1 406.9
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