The U. S. Department of Housing and Urban Development (HUD) uses the median to report the average price of a home in the United States. Why do you think HUD uses the median?

Question

Mathematics

Litzy Harper

29 June, 20:05

The U. S. Department of Housing and Urban Development (HUD) uses the median to report the average price of a home in the United States. Why do you think HUD uses the median?

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Ryker Hampton · Answer 1

Step-by-step explanation:

given that the U. S. Department of Housing and Urban Development (HUD) uses the median to report the average price of a home in the United States.

We know that mean, median and mode are measures of central tendency.

Mean is the average of all the prices while median is the middle entry when arranged in ascending order.

Mean has the disadvantage of showing undue figure if extreme entries are there. i. e. outlier affect mean.

Suppose a price goes extremely high, then mean will fluctuate more than median.

So median using gives a reliable estimate since median gives the middle price and equally spread to other sides.