An association of Realtors reports state by state median

Last updated: 7/3/2023

An association of Realtors reports state by state median existing home prices for each quarter Why do you supp they use the median instead of the mean What might be the disadvantage of reporting the mean Choose the correct answer below OA Home prices are discrete data and the median should always be reported instead of the mean for discrete data Reporting the mean would have the disadvantage of being more difficult to interpret OB Home prices are probably skewed to the left and not symmetric This makes the median a better representatio of the center than the mean which would be influenced by the extremely low priced homes Reporting the mea would give the impression that the typical home price is lower than it is OC Home prices probably have a symmetric distribution which makes the median a better representation of the center than the mean Reporting the mean would give the impression that the typical home price is much lower or higher than it actually is O D Home prices are probably skewed to the right and not symmetric This makes the median a better representation of the center than the mean which would be influenced by the extremely high priced homes Reporting the mean would give the impression that the typical home price is higher than it is