1. ## which average

a newspaper makes the folloxing statement: over 60% of houses sold this month were sold for more than the average selling price
consider the possible truth of this statement and what is meant by average (median, mean, mode)

i know this must be easy but its the notion i have a hard times getting around. i understand that it can be the mode and it can't be the median but i don't understand how to fit in a the mean.

2. In Australia we report the median house price. The reason for this is that the mean is senstive to extreme values that occur quite often in the housing market.

3. the point of the question is: out of the three averages, with which ones is it possible to have 60% of the distribution have higher values than the average?
with mode it is obviously possible, with median it is obviously impossible, what about mean?

4. It sounds like the aritcle is reffering to a 'previous' months mean so all median, mean & mode will be work in this case.

5. no thats not what it means

6. Well then both the mean and mode is your answer. You can orgainse some random data to prove this.