Solution: According to the U.S. Census Bureau, in November 2008 the median sales price of new houses was $220,400, and the mean sales price was $287,500
Question: According to the U.S. Census Bureau, in November 2008 the median sales price of new houses was $220,400, and the mean sales price was $287,500 (extracted from www.census.gov, January 21,2009 ).
- Interpret the median sales price.
- Interpret the mean sales price.
- Discuss the shape of the distribution of the price of new houses.
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