Descriptive Statisticsmedium
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A data analyst is studying housing prices in a city. The dataset includes homes ranging from $200,000 to $50,000,000, with most homes priced between $300,000 and $800,000. A few luxury estates pull the distribution upward. If the analyst wants to describe "typical" home prices for real estate marketing, which statistic is best?
A data analyst is studying housing prices in a city. The dataset includes homes ranging from $200,000 to $50,000,000, with most homes priced between $300,000 and $800,000. A few luxury estates pull the distribution upward. If the analyst wants to describe "typical" home prices for real estate marketing, which statistic is best?