Discussion:
The difference between the mean and median
Several years ago, the average price for homes sold in my neighborhood was $200,000. Now homes are selling for an average of $145,000 (presumably due to the failing economy and people losing their jobs - the unemployment rate is 12.5 because of job loss).
1. How do I calculate the mean price of houses over this time period?
2. How do I calculate the median price of houses over this time period?
3. Do the mean and median prices differ from one another?
Write your answer/response in detail with examples and facts and figures using APA style of formatting, size 12, font Times new roman and answer must be single spaced.