Respuesta :
The median value of the houses is $167,000.
Median
What is median value?
The middle number in a collection of numbers is known as the median.
How median is calculated?
- Check to see if 'n' is an even number of values.
- Find the two numbers that are in the centre of the table of data.
- Adding the two middle numbers together and dividing the result by two will yield the average of the two numbers.
- The median is the outcome of this average.
Calculation for the median of the houses:
The initial value of the 7 houses were,
$175,000, $163,000, $142,000, $135,000, $191,000, $122,000, and $147,000.
As, the value of each house were increased by $20,000.
The value of houses after increment,
$195,000, $183,000, $162,000, $155,000, $211,000, $142,000, and $167,000.
Arrange the values in the increasing order.
$142,000, $155,000, $162,000$, 167,000, $183,000, $195,000, $211,000.
Since, the given data has 7 values which is a odd number. So, values come in the middle is $167,000.
Therefore, the median value of the houses is $167,000.
To know more about how to find average?, here
https://brainly.com/question/130657
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