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Last month 15 homes were sold in Town X. The average [#permalink]
06 Oct 2007, 17:13
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Last month 15 homes were sold in Town X. The average (arithmetic mean) sale price of the homes was $150,000 and the median sale price was $130,000. Which of the following statements must be true?
I. At least one of the homes was sold for more than $165,000.
II. At least one of the homes was sold for more than $130,000 and less than $150,000.
III. At least one of the homes was sold for less than $130,000.
(a) I only
(b) II only
(c) III only
(d) I and II
(e) I and III