Question: For this dataset, the difference between the mean and median is not large, but we still might consider the median a more appropriate statistic to
For this dataset, the difference between the mean and median is not large, but we still might consider the median a more appropriate statistic to focus on, as it would represent a typical percentage, rather than the mean which is being pulled to the right by a few large percentages. The problem is, all the theory you saw in previous sections only applies to means. So how can we get a sense for how much sample-to-sample variation there is in the sample medians
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
