Question: According to the U.S. Census Bureau, in 2011, the median sales price of new houses was $227,200, and the mean sales price was $267,900 (extracted

According to the U.S. Census Bureau, in 2011, the median sales price of new houses was $227,200, and the mean sales price was $267,900 (extracted from www.census.gov, June 25,2012).
a. Interpret the median sales price.
b. Interpret the mean sales price.
c. Discuss the shape of the distribution of the price of new houses.

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