In a Summary of Recent Real Estate Sales, the Median

question 165

Short Answer

In a summary of recent real estate sales, the median home price is given as $325,000. What
percentile corresponds to a home price of $325,000?

---

Definitions:

Standard Deviation

A statistical measure of the dispersion or variability in a set of data points, often used in finance to quantify the volatility of an investment.

Return

The increase or decrease in value of an investment during a set period, represented as a percentage of the investment's starting price.

S&P/TSX Composite Index

A market index representing the performance of the Canadian stock market, compiled by the Standard & Poor’s company.

Diversifiable Risks

Risks associated with individual investments that can be reduced or eliminated through portfolio diversification.