Understanding Mean, Median, and Mode - Math

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Question

Six homes are for sale and have the following dollar values in thousands of dollars:

535

155

305

720

315

214

What is the mean value of the six homes?

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Answer

The mean is calculated by adding all the values in a group together, then dividing the sum by the total number in the group. In this case, six homes are for sale. The six home values are added together , then that value is divided by six.

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