Median, because there is an outlier that affects the mean
In this case, the outlier is company D with a profit of $1,120,000, which significantly skews the mean. The median would provide a more representative measure of the central tendency of the data.
The profits earned in a year by some companies in a city are shown below:
Company Profit
A $160,000
B $140,000
C $130,000
D $1,120,000
E $150,000
Based on the data, should the mean or the median be used to make an inference about the profits earned by these companies? (1 point)
Mean, because it is in the center of the data
Median, because it is in the center of the data
Mean, because there are no outliers that affect the mean
Median, because there is an outlier that affects the mean
1 answer
4 answers