Question

If you were trying to make the argument that the income gap is not as large...

If you were trying to make the argument that the income gap is not as large as some politicians claim, which measures of central tendency and/or variability would you use? Would that be an honest representation of the data? Why or why not?

Homework Answers

Answer #1

3 measure of central tendency are Mean , Median and Mode

Standard deviation is a measure of variability

To make the argument that the income gap is not large I would prefer to use Mean as a central tendency and Standard deviation as a measure of variability. These two measures would be the perfect fit to gauge the level of income gap that prevails in our country. And yes, that would be an honest representation of the data because standard deviation from the Mean would perfectly show how the income levels are spread

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