Use the table to answer the question.
Value per House Number of Houses
$150,000 2
$220,000 4
$490,000 3
$540,000 2
$800,000 5
$975,000 2
The values of several houses on Mango Street are displayed on the table. What is the median value of these houses?
To find the median value of the houses, we need to arrange the values from least to greatest:
$150,000, $220,000, $220,000, $220,000, $490,000, $490,000, $490,000, $540,000, $540,000, $800,000, $800,000, $800,000, $800,000, $800,000, $975,000, $975,000
There are a total of 16 houses. Since there is an even number of data points, we need to take the average of the middle two values:
Median = ($490,000 + $540,000)/2 = $515,000
Therefore, the median value of the houses on Mango Street is $515,000.
To find the median value of the houses on Mango Street, we need to arrange the values in ascending order:
$150,000, $220,000, $490,000, $540,000, $800,000, $975,000
Since there are 2 + 4 + 3 + 2 + 5 + 2 = 18 houses in total, the middle value will be the (18 + 1) / 2 = 9.5th value.
Since 9.5 is not a whole number, we need to find the average of the 9th and 10th values.
The 9th value is $540,000, and the 10th value is $800,000.
Therefore, the median value of the houses on Mango Street is ($540,000 + $800,000) / 2 = $670,000.
To find the median value of the houses, you need to arrange the houses' values in ascending order.
The values in ascending order are:
$150,000, $220,000, $490,000, $540,000, $800,000, $975,000.
Since there are 15 houses in total, to find the median value, you need to find the value that is in the middle.
In this case, the middle value is the 8th value, which is $540,000.
Hence, the median value of the houses on Mango Street is $540,000.