Phillip created the net worth statement shown
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Answer: Mean = 3.5 , median = 2.5, mode = 2, geometric mean = 2.74
Median is the most appropriate measure of central tendency.
The least appropriate = mean
Yes there is an outlier.
Step-by-step explanation:
Given responses : 5, 4, 2, 1, 1, 2, 10, 2, 3, 5.
First arrange them in increasing order,
Its sum = 35
Mean of n observations = (Sum of observations) ÷ n
Mean = (35) ÷ 10
=3.5
Here n =10 (even)
Median = average of middle most numbers =
Mode = most repeated number = 2 (thrice)
geometric mean =
10 is an outlier as it is very large as compare to other numbers.
When outlier is present in data , the median is the most appropriate measure of central tendency.
Mean affected badly by the outlier so it the least appropriate.