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?
(1 point)
To find the median value, we need to arrange the house values in order and find the middle value.
$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 16 values, so the middle is between the 8th and 9th values.
Median = ($490,000 + $540,000)/2 = $515,000
Therefore, the median value of the houses is $515,000.
To find the median value, we need to arrange the values from least to greatest:
$150,000, $220,000, $490,000, $540,000, $800,000, $975,000.
Since there are 18 houses in total, the middle value would be the 9th value, which is $540,000.
Therefore, the median value of these houses is $540,000.