Question

The following are house prices in Southern California:

$780,000 $600, 000 $680, 000 $700, 000 $960, 000 $780, 000
What is the median house price?
O $800,000
$740, 000
O $680,000
O $780,000

Answer 1

$740,000

Explanation:

To find the median house price from the list of prices in Southern California, you need to first arrange the prices in ascending order and then find the middle value.

Here's the list of house prices in ascending order:

$600,000, $680,000, $700,000, $780,000, $780,000, $960,000

Since there are 6 prices in total, the median will be the average of the two middle values, which are the 3rd and 4th values:

Median = ($700,000 + $780,000) / 2 = ($1,480,000) / 2 = $740,000

So, the median house price is $740,000.