Question

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

Answer 1

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.