2012 housing prices (thousands of dollars)\na report states the average selling price is almost $520,000…
2012 housing prices (thousands of dollars)\na report states the average selling price is almost $520,000. which measure of center was most likely used for the report? done
Answer
Brief Explanations:
The median is less affected by outliers. In a box - and - whisker plot, if there are extreme values (outliers), the mean can be pulled in the direction of those outliers. Since the box - and - whisker plot may have outliers (the long whiskers suggest possible extreme values), the median is a more robust measure of center. The mean can be skewed by these extreme values. So the median is more likely to give a value close to what is reported as the "average" in a situation where outliers may be present.
Answer:
Median