The median of the rent of the apartments is 550. What's the average (arithmatic mean) of the rent?
1) The avg rent of (apartments with rent higher than the median) is 890.
2) There are 370 (apartments with the rent higher than the median).
Donot know the answer! Experts pls advice!
We have information on only higher part of the median. We need avg rent of (apartments with rent lower than the median) to calculate the average rent of all apartments. Ans is E
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