Question

the following list shows the selling prices of 8 houses in a certain town.

house	price	house	price
b	$275,800	f	$295,000
c	$305,400	g	$281,900
d	$250,600	h	$284,700

what is the median selling price of the houses in the list?
a $263,200
b $283,300
c $288,450
d $290,600
e $293,400

Explanation:

Step1: Arrange prices in ascending order

$250600, 275800, 275800, 281900, 284700, 295000, 302100, 305400$

Step2: Identify middle - values

Since $n = 8$ (even number of data - points), the middle values are the 4th and 5th ordered values. The 4th value is $281900$ and the 5th value is $284700$.

Step3: Calculate the median

Median=$\frac{281900 + 284700}{2}=\frac{566600}{2}=283300$

Answer:

B. $283,300$