The Bulb Bargain Problem. Suppose that you are the
chief of maintenance for a large metropolitan hospital.
You are trying to decide from what company to buy your
next 5-year supply of light bulbs. Would you look to the
company whose light bulbs have the greatest mean or
the greatest median life? Explain your reasoning
1 answer
The mean is most likely to be influenced by deviant scores. Does that help you?
2 answers