BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Neither the mean nor the median (they are equal)
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Cannot be determined with the information provided
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Median
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Mean
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Detailed explanation-1: -The mean; in a normal distribution, the mean is always greater than the median.
Detailed explanation-2: -The normal distribution is a symmetrical, bell-shaped distribution in which the mean, median and mode are all equal. It is a central component of inferential statistics. The standard normal distribution is a normal distribution represented in z scores. It always has a mean of zero and a standard deviation of one.
Detailed explanation-3: -It will depend on the data. If the data has a few extreme low values while the rest are all in the same range, then the mean will be less than the median. But if there are a few extreme high values and the rest are in the same range, then the mean will be higher than the median.