Question: you are a school psychologist and a child from a...
You are a school psychologist and a child from a particular neighborhood is coming to your office. For some reason, you know the value of all 6 homes in the child's neighborhood: 9K, 10K, 12K, 12K, 14K, 15K. What are the mean, median, and mode of those house prices? note: "K" means 1,000... you may just write the numbers as 9, 10, 12, etc.)
A movie star likes the neighborhood and builds a $200K home in a previously unused lot in the same neighborhood. Which value will change the most, the mean, median, or mode? Which of those three measurements is likely to be most useful to you when learning about the economic status of other neighborhoods and why?