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Find the measures of central tendency (mean and median) for the two variables: Insured.age and Credit.score. Discuss the shape of these two distributions. (provided already)
Find the measures of central tendency (mean and median) for the two variables: "Insured.age" and "Credit.score". Discuss the shape of these two distributions. (provided already)
Which measure of central tendency is the best to represent the "Credit.score" data: the mean or the median? (Hint: Use 10% rule.) Discuss your rationale for the choice?
I just need the bolded question answered with details as to why the mean or median is best, what is the rationale? Please and thank you!
Here is the statistical data:
Insured Age Credit Score Mean 49.812 Mean 799.094 Standard Error 0.68120584 Standard Error 3.70129078 Median 49 Median 821 Mode 35 Mode 900 Standard Deviation 15.2322256 Standard Deviation 82.7633779 Sample Variance 232.020697 Sample Variance 6849.77672 Kurtosis -0.97504888 Kurtosis 1.48987986 Skewness 0.12108933 Skewness -1.2795044 Range 67 Range 449 Minimum 18 Minimum 451 Maximum 85 Maximum 900 Sum 24906 Sum 399547 Count 500 Count 500Step by Step Solution
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