Which is the better measure of central tendency

Assignment Help Applied Statistics
Reference no: EM13821014

In the business world, the mean salary is often to describe the salaries of employees of a company.  However, the median salary may be a better measure of the salaries than the mean.  Which is the better measure of central tendency?  Why?

 

 

Reference no: EM13821014

Questions Cloud

Strategic management of technology and innovation : In the book "strategic management of technology and innovation", there is a case 1-4 "Matrix semiconductor Inc: tackling challenges of strategic dimensions", please answer the question: which business model made the most sense?
Write an analysis about stories hands and the use of force : Write an analysis paper about the stories "Hands" and "The Use of Force".
Culture of modern life : Consider the progress we have made in these areas of human knowledge. Present at least three of the discoveries you find to be most important and describe their significance to society, health, and the culture of modern life
Direction and future of every company : Budgeting in uncertainty is challenging. The decisions made by budget managers affect the direction and future of every company. Having a thorough understanding of the components of capital budgeting is essential to developing an appropriate budge..
Which is the better measure of central tendency : In the business world, the mean salary is often to describe the salaries of employees of a company.  However, the median salary may be a better measure of the salaries than the mean.  Which is the better measure of central tendency?  Why?
Perform exploratory data analysis on creativitypre : Perform exploratory data analysis on CreativityPre and CreativityPost. Using SPSS, calculate the mean and standard deviation of these two variables.
Financial statements paper : Financial Statements Paper
How theoretical frameworks shared in your venn diagram : Explain how the theoretical frameworks shared in your Venn diagram support cognitive development. Make sure to include at least one example to support your reasoning.
What is the function of amylase : What were your controls for this experiment? What did they demonstrate? Why was saliva included in this experiment? What is the function of amylase? What does amylase do to starch? Which of the foods that you tested contained amylase? Which did not? ..

Reviews

Write a Review

Applied Statistics Questions & Answers

  How frequently should the equipment receive periodic mainten

The length of time (in months after maintenance) until failure of a bank’s surveillance television equipment has a Weibull distribution with α = 2 and β =60 months. If the bank wants the probability of a breakdown before the next scheduled maintenanc..

  Frechet distribution the pdf for frechet distribution

the pdf for frechet distribution is ltbrgtfxa?a x-?-a-1 exp-x-?-a ltbrgtthen how we can calculate the cdf for frechet

  Is her expected profit for a days worth of pies

is her expected profit for a days worth of pies?

  Display these results in a table best shows the associate

a. Display these results in a table that best shows the association between cannibalism and the number of sneaking males. Identify the type of table you used.

  Interpret the data and note the shape of the distribution

Interpret the data and note the shape of the distribution of the data provided from the case study:  Highest paid women...include frequency table, stem and leaf plot, histogram, sample mean and median, and sample standard deviation.

  A developer of condominium properties in the southwest

Rosenberg Land Development (RLD) is a developer of condominium properties in the Southwest United States. RLD has recently acquired a 40.625 acre site outside of Phoenix, Arizona. Zoning restrictions allow at most 8 units per acre. Three types ..

  Archie is taking a course in probability theory

Archie is taking a course in probability theory. Discussion sessions with the class TA (teaching assistant) conflict with Archie's trips to the beach. Archie has to decide between attending TA sessions, which might help him do better in the probabili..

  A study was conducted to determine whether big-city

17). A study was conducted to determine whether big-city and small town dwellers differed in their helpfulness to strangers. In this study, the investigators rang the doorbellsof strangers in living in Newyork city or small towns in the vicini..

  Independent geometric random variable

let X and Y denote independent geometric random variable both of which have the parameter p.(a).compute P(X=Y)(b).compute P(X

  The mean sales per customer µ for all of the sales

The mean sales per customer µ for all of the sales for your company last month is not known. Based on your past experience, you are willing to assume that the population standard deviation of sales, σ, is about $220. If you take a random sample of 10..

  Determine expected times and activity schedule

Draw the activity network for this problem and determine the Expected Times and determine the activity schedule (ES, EF, LS, and LF) as well as slack.

  Calculate the correlation coefficient with all methods

Calculate the mean and standard deviation of # of sales people (x) and sales (y). Find sample size n - Calculate the correlation coefficient with all three methods (covariance method, z-score method, and correlation tool in Excel).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd