When is the mean the best measure of central tendency when


Question 1

When is the mean the best measure of central tendency? When is the median the best measure of central tendency? Explain.

Question 2

A researcher has determined that the distribution of annual salaries of NBA players is bell-shaped and symmetrical about the mean salary, do you think that introducing Kobe Bryant's last annual salary of more than $30 million would skew this distribution? Explain why or why not. What would be the best measure of central tendency for this distribution? Explain.

Solution Preview :

Prepared by a verified Expert
Microeconomics: When is the mean the best measure of central tendency when
Reference No:- TGS01464415

Now Priced at $20 (50% Discount)

Recommended (93%)

Rated (4.5/5)