An average is an attempt to summarize a collection of data into just one number. Discuss how the mean, median, and mode all represent averages in this context. Also, discuss the differences among these averages. Why is the mean a balance point? Why is the median a midway point? Why is this the most common data point? List three areas of daily life in which you think one of the mean, median, or mode would be the best choice to describe an "average."

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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An average is an attempt to summarize a collection of data into just one
number. Discuss how the mean, median, and mode all represent averages in
this context. Also, discuss the differences among these averages. Why is the
mean a balance point? Why is the median a midway point? Why is this the
most common data point? List three areas of daily life in which you think one
of the mean, median, or mode would be the best choice to describe an
"average."
Transcribed Image Text:An average is an attempt to summarize a collection of data into just one number. Discuss how the mean, median, and mode all represent averages in this context. Also, discuss the differences among these averages. Why is the mean a balance point? Why is the median a midway point? Why is this the most common data point? List three areas of daily life in which you think one of the mean, median, or mode would be the best choice to describe an "average."
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