Homework Question 1, 3.1.3 HW seari: 42.4266 , 14 cl 33 points Points: 0 of 2 Save The U.S. Department of Housing and Urban Development (HUD) uses the median to report the average price of a home in the United States why do yau think HUD uses the median? Choose the correct answer below. A. HUD uses the median because the dala are symmetrical. B. HUD uses the median because the data are skewed right C. HUD uses the median because the data are skewed left. D. HUD uses the median because the data are bimodal

The U.S. Department of Housing and Urban Development (HUD) favors the median over the mean when reporting home prices because home price data often skew right. This means that a small number of high-value homes can inflate the average, making it less representative of typical market conditions. The median, however, reflects the middle value, providing a more accurate picture of what most homebuyers can expect to pay. Understanding how skewed data can affect averages is crucial in many real-world contexts, such as finance, economics, or any field dealing with statistical data. For instance, when analyzing income distributions, it’s common to see a few high earners pushing the average income upwards. Using the median gives a better view of what the “typical” individual earns, thus aiding in policy-making and economic analysis.