Prices of a certain item have a distribution that is skewed to the left with outliers in the left tail. Which of the measures of

Question

3 years ago

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central tendency is the best to summarize this data set?a. Mode b. Median c. Mean

1 answer:

erastova [34] · Answer 1 · 2022-06-25T14:16:36+03:00

Answer: b. Median

Step-by-step explanation:

The most common measures of central tendency are :

a. Mode - It is used in nominal data.

b. Median - It is used as central tendency when data is skewed or having outliers in the data.

c. Mean - It is the best measure of central tendency when data does not have outliers because it affect mean badly.

Given, Prices of item have a skewed distribution with outliers in the left tail.

That means , the best measure of central tendency to summarize this data set is median.

So, the correct option is b.