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1. According to the U.S. Census Bureau (census.gov), in 2016, the median sales price of new houses was $315,500 and the mean sales price was

1. According to the U.S. Census Bureau (census.gov), in 2016, the median sales price of new houses was $315,500 and the mean sales price was $370,800. (a) Interpret the median sales price. (b) Interpret the mean sales price. (c) Discuss the shape of the distribution of the price of new houses.

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