Question: It was reported that in 2004, the mean net worth of families in a certain region was $469.6 thousand and the median net worth was

It was reported that in 2004, the mean net worth of families in a certain region was $469.6 thousand and the median net worth was

$92.1 thousand. Which measure of center do you think is more appropriate? Explain your answer.

In Exercises 3.9–3.14, we have provided simple data sets for you to practice the basics of finding measures of center. For each data set, determine the

a. mean.

b. median.

c. mode(s).

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