What Conclusion Can Be Drawn from Statistics That Indicate That

question 7

Multiple Choice

What conclusion can be drawn from statistics that indicate that the average cost of a house in a specific neighbourhood is $150,000,the range is $48,000 to $2,000,000,the median house cost is $98,000,and the mode is $90,000?

• A) The standard deviation is small.
• B) The mode can be calculated from the median.
• C) The cost of a "typical" house in this neighbourhood is $150,000.
• D) The mean does not reflect the true housing cost in this neighbourhood.

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