Question
You are analyzing the cross-store sales of a grocery store chain. As part of your analysis, you compute two measures of central tendencymean and median.
You are analyzing the cross-store sales of a grocery store chain. As part of your analysis, you compute two measures of central tendency—mean and median. The mean sales are $358.4 million, and the median sales are $163.1 million (per store).
To quantify the average sales per store, which of the two measures would you use and why?
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To understand the central tendency of statistical data mean and median are ...
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Elementary Statistics A Step By Step Approach
Authors: Allan Bluman
8th Edition
73386103, 978-0073386102
