In: Statistics and Probability
An average is an attempt to summarize a collection of data into just one number. Discuss how the mean, median, and mode all represent averages on this context. Also discuss the differences among these averages. Why is the mean a balance point? Why is the median a midway point? Why is the most common data point? List three areas of daily life in which you think one of the mean, median or mode would be the best choice to describe an “average.”
Answer :