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 $130,0000 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 […]