BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Is it the central data, if there are 2, is the average of these taken?
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Media
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Moda
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Median
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None of the above
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Explanation:
Detailed explanation-1: -If there are two numbers in the middle of a dataset, their mean is the median.
Detailed explanation-2: -Median: The middle number; found by ordering all data points and picking out the one in the middle (or if there are two middle numbers, taking the mean of those two numbers). Example: The median of 4, 1, and 7 is 4 because when the numbers are put in order (1, 4, 7), the number 4 is in the middle.
Detailed explanation-3: -The median is the value in the center of the data. Half of the values are less than the median and half of the values are more than the median. It is probably the best measure of center to use in a skewed distribution.
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