QUESTION IMAGE
Question
consider the following data set.
the type of homes recently sold by a realtor: single - family, duplex, etc.
would you be more interested in looking at the mean, median, or mode? state your reasoning.
answer
first, select the correct measure of center and then select the justification for your choice.
correct measure of center
mean median mode
justification
the data have measurable values with no outliers
the data have no measurable values
the data have measurable values with outliers
The type of homes (single - family, duplex, etc.) is categorical data. The mean and median are measures of central tendency for numerical data. The mode is used for categorical data to find the most frequently occurring category. Since the data (home types) has no measurable values (it's not numerical), we use the mode.
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Correct measure of center: mode
Justification: the data have no measurable values