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Difference Between Mean and Median

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In the business world, the mean salary is often used to describe the salaries of employees of a company. However, the median salary may be a better measure of the salaries than the mean. Which is the better measure of central tendency? Why?

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Solution Preview

I choose mean as the better measure of central tendency.

The reason is that median is useful for ...

Solution Summary

The solution explains the difference and which is a better measure of central tendency.

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