Where house prices tend to cluster

SYNOPSIS OF INTRODUCTORY CASE During June 2010, Matthew Edwards reviewed the selling prices of 36 house sales in Mission Viejo, California, for a client from Seattle, Washington. After constructing various frequency distributions, he is SOLD able to make the following summary conclusions House prices ranged from $300,000 up to $800,000 over this time period. Most of the houses (14) sold in FOR the $500,000 up to $600,000 range, which is, more or less, the client's price range. Twenty-nine of the houses sold for less than $600,000. Converting the SALE data into percentages so the client can make comparisons with home sales in the Seattle area, Matthew found that 39% of the houses sold for $500,000 up to $600,000. Moreover, 81% of the houses sold for less than $600,000, which implies that 19% sold for $600,000 or more. @Brand X Pictures/Stockbyte/G Histograms, Polygons, and Ogives