Question 1 (1 point) In the articte, Median house price-what does it mean? it sa

Question

Question 1 (1 point) In the articte, Median house price-what does it mean? it says that a problem with the median is that, it reftlects if there has beern a large amount of more expensive or less expensive homes sold in any given time period. True or False: This issue would not be a problem if the mean was used instead of the median. True O False Save Question 2 (1 point) Refer to the article, Median house price -what does it mean? Why are medians often preferred over means when it comes to housing prices? OA)Medians have onty one method of calcutation, so they are consistent OB) Medians won't be affected much by a very targe or very small house price Medians will always give an accurate snapshot of house prices OD) The median will tell you the spread as well as the center of the data E) All of the above

Explanation / Answer

QUESTION 1

statement is FALSE beacouse the issue will be problem if we use mean instead of median becouse mean is affected by extream observations but the median is not affected by extream observations i.e.more or less expensive houses.

QUESTION 2

median often preffered over mean when it comes to housing prices becouse MEDIAN WONT BE AFFECTED BY A VERY LARGE OR VERY SMALL HOUSE PRICE.

becouse mean is very sensitive towards the outliers but median is not.

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