The relatively low cost fashion retailer h&m occasionally partners with high end designers. for example, they...
The relatively low cost fashion retailer h&m occasionally partners with high end designers. for example, they collaborated with the designer maison margiela and his line quickly sold out. If h&m were to report the average number of sales per item of clothing, why would the designer partnerships, like the one with maison margiela, inflate the mean number of sales but not the median?
Homework Answers
Mean is best measure of central of tendency than the median.
Average (mean) gives the overall effect of the given set , and not affected by large number of samples, and also easy to calculate.
While, median is the middle most value that indicates centre of data. Median has quit lengthy process of calculation.
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