Module 2 - Discussion Mean versus Median.docx

Module 2 - Discussion Mean versus Median.docx - List the...

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List the mean and median for the first six data points you entered. Data Point 48, 55, 73, 106, 146, 190 Mean 103 Median 89.5 List the mean and median after you added the seventh data point. Data Point 900 Mean 216.85 Median 106 What impact does the outlier (the house with selling price close to 1,000,000 dollars) have on the mean and on the median? We observer with these data, the outliner is over priced. The mean and median of the House is lower than the selling price, and we can deduce that the selling price is not appropriate for this property since its current value is much less than the seller is suggesting. Suppose the data points represent the selling prices of houses. After adding the seventh data point,
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