Joe is interested in the prices of homes sold in his area. He found a list of the selling prices of 50 homes for the past month. Most of the homes sold for $100,000–$350,000, but there were a few that sold for more than $1,000,000. Which of the following statements is true about the mean and median selling price for the 50 homes?
Answer
A
The mean and median are equal.
B
The mean is less than the median.
C
The mean is greater than the median.
D
The actual selling prices are needed to determine this.