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  • Central Tendency

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    Shella Marie Reyes
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    The real estate agents calculated the mean, median, and mode of different house prices to determine the average, typical, and most common prices in the area to help guide a couple who was looking to buy a house. The mean (average) price was calculated as ₱800,000, the median (middle) price was ₱700,000, and the mode (most frequent) price was also ₱700,000. These central tendency measures were used to inform the clients of price ranges they could expect for houses.

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    The real estate agents calculated the mean, median, and mode of different house prices to determine the average, typical, and most common prices in the area to help guide a couple who was looking to buy a house. The mean (average) price was calculated as ₱800,000, the median (middle) price was ₱700,000, and the mode (most frequent) price was also ₱700,000. These central tendency measures were used to inform the clients of price ranges they could expect for houses.

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    © All Rights Reserved
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    11 views4 pages

    Central Tendency

    Uploaded by

    Shella Marie Reyes
    The real estate agents calculated the mean, median, and mode of different house prices to determine the average, typical, and most common prices in the area to help guide a couple who was looking to buy a house. The mean (average) price was calculated as ₱800,000, the median (middle) price was ₱700,000, and the mode (most frequent) price was also ₱700,000. These central tendency measures were used to inform the clients of price ranges they could expect for houses.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 4

    The couple where planning to buy a house, the real state agents guide them in the costing of the

    house using the


    central tendency to give them an idea.

    HOUSE A HOUSE B HOUSE C HOUSE D HOUSE E

    ₱ 1,100,000.00

    ₱ 900,000.00

    ₱ 700,000.00 ₱ 700,000.00
    ₱ 600,000.00

    HOUSE A HOUSE B HOUSE C HOUSE D HOUSE E


    Real estate agents calculate the mean price of houses so they can inform their clients of what they can expect to
    spend on a house.
    The real state agent evenly distributed the price of the house to get the average price
    ₱ 1,100,000.00
    ₱ 1,000,000.00 The average price is ₱ 800,000.00
    ₱ 900,000.00 ₱ 900,000.00
    ₱ 800,000.00 ₱ 800,000.00 ₱ 800,000.00 ₱ 800,000.00 ₱ 800,000.00
    ₱ 700,000.00 ₱ 700,000.00 ₱ 700,000.00
    ₱ 600,000.00

    HOUSE A HOUSE B HOUSE C HOUSE D HOUSE E


    Real estate agents also calculate the middle price of houses to gain a better idea of the “typical” home price, since
    the median is less influenced by outliers compared to the mean.
    The real state agent arrange the price of the house and get the middle price

    The middle price is ₱ 700,000.00


    ₱ 1,100,000.00

    ₱ 900,000.00

    ₱ 700,000.00 ₱ 700,000.00
    ₱ 600,000.00

    HOUSE A HOUSE B HOUSE C HOUSE D HOUSE E


    Real estate agents also calculate the mode of the price per house so they can inform their clients on what is the
    most preferred costing of the houses in a particular area.
    The real state agent arrange the price of the house to easily determine the most preffered price of the house

    The most preferred price is ₱ 700,000.00


    ₱ 1,100,000.00

    ₱ 900,000.00

    ₱ 700,000.00 ₱ 700,000.00
    ₱ 600,000.00

    HOUSE A HOUSE B HOUSE C HOUSE D HOUSE E

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