Use the following information to answer the next three exercises. The value, in thousands of dollars, for houses on a block, are: $45$; $47$; $47\mathrm{.}5$; $51$; $53\mathrm{.}5$; $125.$

$46.$ Calculate the mean for this data.

$61\mathrm{.}5,$ or $$61,500$

$47.$ Calculate the median for this data.

$49\mathrm{.}25$ or $$49,250$

$48.$ Which do you think better reflects the average value of the homes on this block?

The median, because the mean is distorted by the high value of one house.