What statistic use to describe each aspect of typical home

Reference no: EM13117374

Suppose you were a real estate agent and you were asked by a client about the "typical" home in a subdivision. Being the astute agent you are, you have gathered the following information on each house in the subdivision: price, square footage, # bedrooms, # bathrooms, age.

What statistic (mean, median or mode) would you use to describe each aspect of the "typical" home? For example, you might use the MEAN for price, the MEDIAN for square footage, the MODE for ..., or you might use the same statistic for all five. Whatever you decide, justify your answer. Just try to imagine the type of answers you would be giving your client based on your selections for a subdivision that has 100 homes with a wide variety of sizes and prices.

How does this apply or could apply to your workplace or home?
How does this apply or could apply to your daily use, business use, or personal use?

Reference no: EM13117374

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