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According to a government's census bureau, in 2018, the median sales price of new houses was $326,200 and the mean sales price was $384,600. Complete
According to a government's census bureau, in 2018, the median sales price of new houses was $326,200 and the mean sales price was $384,600. Complete parts (a) through (c). Question content area bottom Part 1 a. Interpret the median sales price. Choose the correct answer below. A. The most common price for a new house is $326,200. B. Half of the prices for a new house are less than or equal to $326,200, and the other half of the prices for a new house are greater than or equal to $326,200. C. The arithmetic average price for a new house is $326,600. D. The average scatter in the price for a new house is $326,200. Part 2 b. Interpret the mean sales price. Choose the correct answer below. A. The most common price for a new house is $384,600. B. The average scatter in the price for a new house is $384,200. C. The arithmetic average price for a new house is $384,600. D. Half of the prices for a new house are less than or equal to $384,200, and the other half of the prices for a new house are greater than or equal to $384,200. Part 3 c
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