Question

Gerald is looking to sell his motorcycle. He compiles these prices from the newspaper for bikes just like his: $2,000; $18,900; $17,100; $16,500; and $19,000. Is it more reasonable for Gerald to use the mean or the median to get a reasonable estimated price for his bike?

Answer 1

Median since it is more closer to all the prices

Explanation:

Median=17,100

Mean=14,700

Answer 2

Median because there is a low-outlier in 2,000 which can skew the mean because of 1 data point. Median removes the possibility of this from happening