Question

. For each of the following, decide whether the mean, median, or mode would be the most useful measure of central tendency. Explain each answer with at least one complete sentence. (no explanation no points) Calculations are not necessary. ) A marketing researcher wants to find the income ($ per year) of the people who buy his company's product. He finds the income of ten people who have recently purchased the product. Five earn forty thousand, three earn fifty thousand, one earns eighty thousand, and one customer earns one hundred fifty thousand.

Answer 1

Income of 10 people:

5 people = 40,000

3 people = 50,000

1 person = 80,000

1 person = 150,000

t is noted that the distribution of income is highly skewed. For skewed distributions with outliers, mean is not suitable as it is susceptible to extreme values. In such cases,median is more appropriate because it is not affected by outliers.

So,

Answer is

median