Question

Explain why the median is not a good average to use in this set of payments:...

Explain why the median is not a good average to use in this set of payments: $3, $5, $8, $100, $3000.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Both the average (arithmetic mean) and the median of a set of 7 numbers equal 20....
Both the average (arithmetic mean) and the median of a set of 7 numbers equal 20. If the smallest number in the set is 5 less than half the largest number, what is the largest possible number in the set? (A) 40 (B) 38 (C) 33 (D) 32 (E) 30
Use the following data for the next three problems. 2014 2015 Price Quantity Price Quantity Good...
Use the following data for the next three problems. 2014 2015 Price Quantity Price Quantity Good X $20 50 $22 55 Good Y $5 150 $6 140 Good Z $100 10 $100 12 Using 2014 as the base year, what is real GDP in 2015? $3000 $3310 $2750 $3060 Which of these is NOT an expenditure component in GDP? government purchases investment net exports transfer payments consumption Which of these is NOT one of the 3 main concerns of Macroeconomics?...
What is the median of the following set of numbers 9, 8, 7, 8, 5, 9,...
What is the median of the following set of numbers 9, 8, 7, 8, 5, 9, 6, 7, 8, 9, 6, 5, 6, 7, 5, 4.  
Consider the data set 4 6 8 2 8 8 8 7 3 Find the average...
Consider the data set 4 6 8 2 8 8 8 7 3 Find the average (mean): Find the median
find a good alarm explain why it is good? finad a bad alarm and explain why...
find a good alarm explain why it is good? finad a bad alarm and explain why it is bad? how you fix it?
Explain why the government and other entities generally report the median.
Explain why the government and other entities generally report the median.
Explain why and how can we use determinants to determine if a set of vectors are...
Explain why and how can we use determinants to determine if a set of vectors are linearly independent or dependent.
Use the stem & leaf plot to determine the median time it takes for students to...
Use the stem & leaf plot to determine the median time it takes for students to get to school? Minutes to Travel to School Key 3|5 = 35 minutes 1 | 3 3 5 7 8 9 2 | 0 2 3 5 6 6 8 9 3 | 0 1 3 3 3 5 5 8 8 4 | 0 5 5 | 5
How does the mean, median, and mode location differ between a symmetric to skewed distribution? Why...
How does the mean, median, and mode location differ between a symmetric to skewed distribution? Why are measure of location, commonly called measures of center, not sufficient in themselves to get a good picture of a data set?
The median and mean of a set of data can often time be quite different from...
The median and mean of a set of data can often time be quite different from one another. One example of this is household income in the United States. According to the U.S. Census Bureau’s 2014 Annual Social and Economic Supplement, mean household income in 2014 was $72, 641, while median household income was $51,939. Why are the mean and median so different in this case? Find another example of a statistic in which the mean and median values would...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT