Question
I am hoping to confirm that my understanding of the measure of central tendency is correct: You are looking for a home in a particular
I am hoping to confirm that my understanding of the measure of central tendency is correct:
You are looking for a home in a particular neighborhood, and you want to know the typical number of bathrooms and bedrooms, the square footage, and the appraised value of houses in that neighborhood. Which measure of central tendency (mean, median, or mode) would be the most appropriate for each piece of information listed, and why?
typical number of bathrooms and bedrooms: Mode
If I were looking for the typical number of bathrooms and bedrooms, I would use mode for the measure of central tendency because that would show what the typical number of bathrooms and bedrooms are in that neighborhood
Square Footage: Median
For the square footage, I would use median because it would help identify what the halfway mark between the higher and lower square footage in that area.
Appraised value of houses in that neighborhood were: Median
If I wanted to see what the appraised value of houses in that neighborhood were, I would use median to find a typical home price. The median value would be less affected very expensive or inexpensive outliers in the neighborhood.
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