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# The distribution of home prices in Nirvana is skewed to the left. The median price is 167900. What is the mean?

Updated: 10/31/2022

JamesWinklergp5084

Lvl 1
โ 8y ago

To calculate the mean, you need all of the individual price, add them and divide by the number of prices.

The median is the middle figure when they are ranked.

Example: To simplify, imagine there are 5 homes that have been sold and these figures are in thousands of dollars.

100, 100, 900, 1000, 1500

The Mean = (100+100+900+1000+1500)÷5= 720

The Median is the middle figure which is 900.

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โ 8y ago

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Q: The distribution of home prices in Nirvana is skewed to the left. The median price is 167900. What is the mean?
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