Value per House Number of Houses
$150,000 2
$220,000 4
$490,000 3
$540,000 2
$800,000 5
$975,000 2 The values of several houses on Mango Street are displayed on the table. What is the median value of these houses?
To find the median value, we first need to arrange the values in ascending order:
$150,000, $220,000, $490,000, $540,000, $800,000, $975,000
Since there are 18 total values, the median will be the average of the 3rd and 4th value when arranged in ascending order. Therefore, the median value is:
($490,000 + $540,000) / 2 = $515,000