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Mean and Median as the Best Measures of Central Tendency

When is the mean the best measure of central tendency? When is the median the best measure of central tendency?

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When is the mean the best measure of central tendency? When is the median the best measure of central tendency?

Mean = sum of all the values of observations in a data set รท number of observations
If the values of all the observations in a data set are ordered (ascending or descending), the median value is the middle value (i.e., 50% of the values are below the median and 50% of the values are above the median). Mean is affected by extreme values.
Mean can be calculated only for the quantitative ...

Solution Summary

This solution identifies the situations in which the mean and median are the best measures of central tendency. All required calculations are included. This is completed in about 355 words.

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