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Find the measures of central tendency (mean and median) for the two variables: Price and Odometer. Price Odometer Median 13572.5 39736 Mean 13547.46 46870.85 (i)
- Find the measures of central tendency (mean and median) for the two variables: "Price" and "Odometer".
Price | Odometer | |
Median | 13572.5 | 39736 |
Mean | 13547.46 | 46870.85 |
(i) Discuss the shape of these two distributions. (ii) Which measure of central tendency is best to represent the "Price" data: the mean or the median? (Hint: Use 10% rule). Discuss your rationale for the choice. Use either chart or graph to show the distributions graphically. (iii) Which measure of central tendency is best to represent the "Odometer" data: the mean or the median? (Hint: Use 10% rule). Discuss your rationale for the choice.
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