Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. under what conditions would you use the median rather that the mean as a measure of central tendency? 2. using the data provide an

1. under what conditions would you use the median rather that the mean as a measure of central tendency? 2. using the data provide an example of at least one situation in which the median might be more valuable than the mean as a measure of central tendency?

image text in transcribed
H Average Age 46 Median Age 45 Male Average Age 45 Median Male Age 45 Female Average Age 48 Median Female Age 50 Average Income $51,571 Median Income $49,500 Male Average Income $501039 Male Median Income $48,359 Female Average Income $53,056 Female Median Incol $49,724 Average CC Debt $14,357 Median CC Debt $14,141 Male Avg CC Debt $15,319 Median Male Co Debit $14 959 Female Avg CC Debt $13,424 Median Female CC Del $12,229 Median Score 65 Average Score 655 Male Median Score 635 Male Average Score 639 675 Female Median Scall 671 Female Average Score

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Simulation

Authors: Sheldon M Ross

6th Edition

0323899617, 9780323899611

More Books

Students also viewed these Mathematics questions

Question

explain the stakeholder theory of the firm

Answered: 1 week ago