The following table presents prices, in thousands of dollars, of single-family homes for20 of the largest metropolitan areas in the United States for the first quarter of 2012 and the first quarter of 2013.. Metro Area 2012 2013Boston, MA 311.5 332.2Chicago, IL 157.2 159.4Cincinnati, OH 112.5 121.0Cleveland, OH 84.9 101.0Dallas, TX 148.2 160.4Denver, CO 226.4 261.2Houston, TX 152.1 163.7Los Angeles, CA 122.1 155.1Miami, FL 182.0 219.9Minneapolis, MN 147.3 170.6 Metro Area 2012 2013New York, NY 363.8 368.2Philadelphia, PA 193.5 197.7Phoenix, AZ 129.9 169.0Portland, OR 208.6 246.5Riverside, CA 174.3 216.7St. Louis, MO 103.7 111.0San Diego, CA 359.5 412.3San Francisco, CA 448.0 593.9Seattle, WA 265.4 312.6Tampa, FL 131.9 141.8a) Find the mean and median price for 2012. Round the answers to two decimal places.

Answered: The following table presents prices, in…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The following table presents prices, in thousands of dollars, of single-family homes for

20 of the largest metropolitan areas in the United States for the first quarter of

2012 and the first quarter of 2013.

Metro Area	2012	2013
Boston, MA	311.5	332.2
Chicago, IL	157.2	159.4
Cincinnati, OH	112.5	121.0
Cleveland, OH	84.9	101.0
Dallas, TX	148.2	160.4
Denver, CO	226.4	261.2
Houston, TX	152.1	163.7
Los Angeles, CA	122.1	155.1
Miami, FL	182.0	219.9
Minneapolis, MN	147.3	170.6

Metro Area	2012	2013
New York, NY	363.8	368.2
Philadelphia, PA	193.5	197.7
Phoenix, AZ	129.9	169.0
Portland, OR	208.6	246.5
Riverside, CA	174.3	216.7
St. Louis, MO	103.7	111.0
San Diego, CA	359.5	412.3
San Francisco, CA	448.0	593.9
Seattle, WA	265.4	312.6
Tampa, FL	131.9	141.8

a) Find the mean and median price for 2012. Round the answers to two decimal places.

Definition Definition Middle value of a data set. The median divides a data set into two halves, and it also called the 50th percentile. The median is much less affected by outliers and skewed data than the mean. If the number of elements in a dataset is odd, then the middlemost element of the data arranged in ascending or descending order is the median. If the number of elements in the dataset is even, the average of the two central elements of the arranged data is the median of the set. For example, if a dataset has five items—12, 13, 21, 27, 31—the median is the third item in ascending order, or 21. If a dataset has six items—12, 13, 21, 27, 31, 33—the median is the average of the third (21) and fourth (27) items. It is calculated as follows: (21 + 27) / 2 = 24.

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