If the median house price is $1.9m, does that necessarily mean that half of the houses on the block areworth less than $1.9m and half worth more?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.38TI: US Census data shows that the median price of new home in the U.S. in November 2014 was $280,900....
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 If the median house price is $1.9m, does that necessarily mean that half of the houses on the block are
worth less than $1.9m and half worth more? 

 

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