The Following Printout Is a Summary of Housing Prices in Edmonton

question 169

Multiple Choice

The following printout is a summary of housing prices in Edmonton: What can we determine from this printout?

• A) The mean list price is less than both the median and modal prices
• B) The median list price is the most representative as it is larger than the modal price and smaller than the mean price.
• C) The modal price is affected by a few houses that must be priced very high
• D) More than half of the houses are listed above $425,000.

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Definitions:

Grade Point Average

A numerical calculation representing the average value of the accumulated final grades earned in courses over time, scaled most commonly on a 0 to 4.0 scale.

Semester Grades

Semester grades refer to the academic performance scores assigned to students at the end of a semester, based on their performance in various courses.

Sample Size

The number of observations or data points that constitute a sample drawn from a population.