Question: According to the U.S. Census Bureau (census.gov), in 2018, the median sales price of new houses was $326,200, and the mean sales price was $384,600.
According to the U.S. Census Bureau (census.gov), in 2018, the median sales price of new houses was $326,200, and the mean sales price was $384,600.
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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