Nine homes recently sold in your community in the following order and for these amounts: $360,000; $460,000; $360,000; $380,000; $360,000; $420,000; $380,000; $520,000; and $360,000. Your boss, Andrew Santoso, a realtor with Hagen & Associates, wants you to compute the mean, median, and mode for this real estate market.

Compute the mean, median, and mode for the recently sold homes. Explain your analysis as well as the characteristics of each type of average.