Last month 15 homes were sold in town X. The average sale price of the houses was $150000 and the median was $130000. Which of the following must be true?
1) At least one of the houses was sold for more than $165000
2) At least one of the houses was sold for more than $130000 and less than $150000
3) At least one of the houses was sold for less than $130000
A. 1
B. 2
C. 3
D. 1 and 2
E. 1 and 3
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Median and Average
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Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.
As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.
For more information, please email me (Mitch Hunt) at [email protected].
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