You Have Come Across Some Statistics Regarding the Average Cost

question 19

Essay

You have come across some statistics regarding the average cost of new housing in your city and a nearby city over the past few years.Write a paragraph summarizing these statistics.
$\begin{array}{|l|l|l|l|l|}\hline & \text { City A } & \text { City B } & & \\\hline & 1995 & 2005 & 1995 & 2005 \\\hline \text { MeanCost } & 177,000 & 237,000 & 325,000 & 495,000 \\\hline \text { MedianCost } & 170,000 & 224,000 & 280,000 & 321,000 \\\hline & & & & \\\end{array}$

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Definitions:

Twelve-Month Period

Refers to any continuous period of twelve months used for financial, operational, or reporting purposes.

Federal Overtime Provisions

Regulations established by federal law that require employers to pay employees extra compensation for hours worked in excess of a standard workweek.

Forty Hours

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Work Visa

A government-issued document that allows a foreign individual to enter a country for the purpose of employment for a specified period of time.