Discuss the below:
- Think about how statistics often is concerned with estimating the center of a distribution by using the mean, median, and sometimes the mode.
- Bring to mind a real-world example in which one measure of central tendency provides useful information for the example while another measure of central tendency provides meaningless (or even misleading) information.
- Consider which of the three measures of central tendency would be appropriate for your example, which would be inappropriate, and why.
- Appraise what you think is the best measure of variability to use for your example. Why do you believe it to be better than the others?
With these thoughts in mind:
Post a brief description of a real-world example in which one measure of central tendency provides useful information while another measure of central tendency provides meaningless (or even misleading) information. Also explain which of the three measures of central tendency would be appropriate for your example, which would be inappropriate, and why. Then identify what you think is the best measure of variability to use for your example and explain why you believe it to be better than the others.