Answered: For each of the following situations,…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

For each of the following situations, identify the best measure of central tendency (mean, median, or mode):

a. A charity recorded the number of donations made over the past six months.

b. A bookstore on a college campus records the number of books sold each month over the summer. Sales were fairly similar for most months, but the store had a large number of sales in August, before classes began, compared to the other months of the summer.

c. A Fortune 500 company asked a sample of stockholders to select their favorite logo from a set of 3 new potential logo options.

Definition Definition Measure of central tendency that is the value that occurs most frequently in a data set. A data set may have more than one mode if multiple categories repeat an equal number of times. For example, in a data set with five item—3, 5, 5, 29, 473—the mode is 5 because it occurs twice and no other value occurs more than once. On a histogram or bar chart, the element with the highest bar represents the mode. Therefore, the mode is sometimes considered the most popular option. The mode is useful for nominal or categorical data (e.g., the most common color car that users purchase), but it is problematic for continuous data because it is more likely not to have any value that is more frequent than the other.

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