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Median price of a single-family home sold

Problem: A recent newspaper article in California said the median price of a single-family home sold in the past year is in the local area was $450,000 and the mean price was $470,000.

Which do you think us more useful to someone considering the purchase of a home, the median or the mean? Why?

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Strategic Management: Median price of a single-family home sold

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Strategic Management: Median price of a single-family home sold

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