probability is about .95 that the 95% confidence interval will include the true population parameter. On the other hand, 2.5% of the time the highest value in the confidence interval will be smaller than the true value, while 2.5% of the time the smallest value in the confidence interval will be greater than the true value.
Just remember, low prices sell more quickly. When in doubt, go back to Step 1 and remind yourself WHY you are having a garage sale. Then, proceed with your pricing.Items sold for $1 sell much faster than those sold for $5 or more. For the best results, keep your prices in the $1 to $2 range.
Median List & Home Sale Prices The median list price is the middle value of the total number of active listings, and the median sale price is the middle value of all home sales. If there were three homes for sale and they were listed at $300,000, $500,000, and $1,200,000, the median list price would be $500,000.