Question

The houses on a city block were thought to be valued at $169,000, $133,000, $171,000, $145,000, $180,000, $172,000, and $149,000, respectively, but a public assessor has determined that they were all undervalued by $15,000. According to the public assessor, what is the median value of the houses?

Answer 1

Answer:

$184000

Step-by-step explanation:

Given : The houses on a city block were thought to be valued at $169,000, $133,000, $171,000, $145,000, $180,000, $172,000, and $149,000, respectively, but a public assessor has determined that they were all undervalued by $15,000.

To Find: According to the public assessor, what is the median value of the houses?

Solution:

Data :$169,000, $133,000, $171,000, $145,000, $180,000, $172,000, and $149,000

Arrange the data in ascending order.

$133,000, $145,000,$149,000,$169,000,  $171,000, $172,000, $180,000

Median is the mid value.

So, median of the data is 4th value i.e. $169,000

Since we are given that a public assessor has determined that they were all undervalued by $15,000.

So, Median = $169,000+$15000=$184000

Hence the median value of the houses is $184000