Question: In life I use central tendency every month when I budget for the upcoming month. I take my expenses and categorize what I have spent

In life I use central tendency every month when I budget for the upcoming month. I take my expenses and categorize what I have spent and average it out so I can plan for the upcoming month. At work I do something similar with the costs of the claims I am reviewing. We also have to average the amount of time we spend on certain tasks and report that information to management.

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