Question

6. Last month seven homes sold in the 91106 zip code and the median home price was $725,000. Did a home actually sell for $725,000

Answer 1

Yes

Step-by-step explanation:

As we know that the median is the middle value so there is 7 months

Now the mid value would be

= (7 + 1) ÷ 2

= 8 ÷ 2

= 4th home

Also the median would be the actual price of the house

So in the given case, the home would be actually sell for the $725,000

Hence, the given statement is true