For the following type of data set, would you be more interested in looking at the mean, median, or mode? State your reasoning. The price for homes with similar floor plans in a new neighborhood

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Answer:

The mode.

Step-by-step explanation:

The factor under evaluation is the price of a home. Because the prices differ, the most effective way is to look at a "rough estimate." This is the average or the mean.

The mean is the average of the total things in question. The mean is given by the following formula:

mean = [tex]\frac{x1+ x2+x3+x4+x5}{5}[/tex]

The median is the middle term. Suppose we have this distribution:

a, b, c, d, e

The median term is c.

The mode is the thing with a common occurrence. This appears more often.

In this question, the mode will be relevant.