Concept explainers
To select best measure of the center of suburban house.
Answer to Problem 4CYU
Median is a best option to describe the center of a grouped data which will be highly skewed and may contain repetitive values.
Explanation of Solution
Given information:
Suburban house property value.
Median would be the best measures because, every property have different values. Many houses will very high prices or very low prices, some may even have same pricing, and this makes the data skewed. Mean gives a deceiving value in case of highly skewed data and mode may give more than one value for the center. Median is a best option to describe the center of a grouped data which will be highly skewed and may contain repetitive values.
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