An analyst is working with the income data of suburban families in the United States. The data set has a lot of outliers, and the analyst needs to provide a measure that represents the typical…

The correct answer is A. Median. The best measure that would fulfill the analyst's goal is the Median. The median represents the middle value of a data set when the data is sorted in ascending or descending order. It is less sensitive to outliers and provides a better representation of typical values compared…

Data Analysis

Question

An analyst is working with the income data of suburban families in the United States. The data set has a lot of outliers, and the analyst needs to provide a measure that represents the typical income. Which of the following would BEST fulfill the analyst's goal?

Options

AMedian
BMean
CMode
DStandard deviation

How the community answered

(42 responses)

A
71% (30)
B
5% (2)
C
17% (7)
D
7% (3)

Explanation

The best measure that would fulfill the analyst's goal is the Median. The median represents the middle value of a data set when the data is sorted in ascending or descending order. It is less sensitive to outliers and provides a better representation of typical values compared to the mean, which is affected by outliers. The mode represents the most frequently occurring value in a data set, but it may not provide a good representation of typical values. The standard deviation measures the spread of a data set, but it does not provide an average value. In this case, since the data set has a lot of outliers, the median would provide a better representation of the typical income compared to the mean, which would be affected by the

Topics

#Measures of central tendency#Median#Outliers#Descriptive statistics

Community Discussion

No community discussion yet for this question.

Full DA0-001 Practice