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House prices: The following table presents prices, in thousands of dollars, of single-family homes for 20...

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Basic Math

House prices: The following table presentsprices, in thousands of dollars, of single-family homes for 20 ofthe 25 largest metropolitan areas in the United States for thethird quarter of 2012 and the third quarter of 2013.

Metro Area

2012

2013

Metro Area

2012

2013

Atlanta, GA

87.8

115.1

Philadelphia, PA

193.5

197.7

Baltimore, MD

218.1

226.5

Phoenix, AZ

129.9

169.0

Boston, MA

311.5

332.2

Portland, OR

208.6

246.5

Chicago, IL

157.2

159.4

Riverside, CA

174.3

216.7

Cincinnati, OH

112.5

121.0

St. Louis, MO

103.7

111.0

Cleveland, OH

84.9

101.0

San Diego, CA

359.5

412.3

Dallas, TX

148.2

160.4

San Francisco, CA

448.0

593.9

Denver, CO

226.4

261.2

Seattle, WA

265.4

312.6

Minneapolis, MN

147.3

170.6

Tampa, FL

131.9

141.8

New York, NY

363.8

368.2

Washington, DC

311.6

348.7


Source: National Realtors Association

(a) Find the mean and median price for 2012. Round the answersto at least two decimal places.

(b) Find the mean and median price for 2013. Round the answers toat least two decimal places.

(c) In general, house prices increased from 2012 to 2013. Whichincreased more, the mean or the median?

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