D. median
The median would be the best way to summarize the center of the dataset as it represents the middle value when the data is ordered from smallest to largest. This would give a better idea of the typical net worth among the 10 richest people in the world without being skewed by the extremely high values of the wealthiest individuals.
Name Net Worth
Person 1 $206.6 billion
Person 2 $ 137.3 billion
Person 3 $ 129.2 billion
Person 4 $ 121.4 billion
Person 5 $ 101.8 billion
Person 6 $ 97.8 billion
Person 7 $ 97.4 billion
Person 8 $ 94.8 billion
Person 9 $ 92.4 billion
Person 10 $ 88.9 billion
Determine the best way to summarize the center of the dataset representing the net worth of the 10 richest people in the world.
A. mean
B. range
C. mode
D. median
1 answer