Final answer:
The given information can help us calculate the median price, determine the range of prices, and analyze the standard deviation of housing prices. It also mentions that housing prices have generally risen over time.
Step-by-step explanation:
The given information is related to the analysis of housing prices. In this context, we can perform the following calculations:
A. Median price calculation: To find the median price, we arrange the prices in ascending order and then determine the middle value. This will give us a representative value for the prices.
B. Range of prices determination: To find the range, we subtract the lowest price from the highest price. This indicates the spread of prices.
C. Standard deviation analysis: To find the standard deviation, we calculate the average distance between each price value and the mean price. This measures the variability of prices.
D. Housing market trends: The given information does not provide enough data for determining specific housing market trends. However, it does mention that housing prices have generally risen steadily over time.