In Real Estate the Median House Price Is Reported Rather

question 136

Multiple Choice

In real estate the Median house price is reported rather than the mean because_____.

• A)it helps sale houses
• B)it is not affected by extreme house prices
• C)it indicates that 50% houses cost more and 50% cost less
• D)Both b & c
• E)All of these

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Definitions:

Creditor

An individual or institution that lends money or extends credit to another, with the expectation of being repaid.

Stale Check

A check, other than a certified check, that is presented for payment more than six months after its date.

Good Faith

A concept involving an honest intention to act without taking an unfair advantage over another party, typically implied in agreements or transactions.

Uncertified Check

A check that the bank has not guaranteed or verified regarding the availability of funds, standing in contrast to a certified check.