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| March 8, 2019
Write my research paperYou will find Video 2: When Should You Use the Mean and When Should You Use the Median by navigating to the MSL Tool for Success link under Course Home.This video focuses more on when to use a mean and when to use a median. House prices are used to demonstrate that when data are non-symmetric – especially when there are extreme outliers – the median gives a better description of a typical value than the mean. Specifically, the prices of properties on two blocks are compared: in one, all houses are similar and there isn’t much difference between the median and mean; in the other, there is a big expensive block of apartments, so that the mean is nearly twice the median, and far from the cost of any individual property.But we want to get away from the idea that the data, and only the data, drives the choice of descriptive statistic. The example is given that, if you wanted to buy all the houses in Brooklyn, if you took the median, and multiplied by the number of houses, you wouldn’t have enough cash. So the median is a useful descriptive statistic, but the mean is essential for planning and making decisions.Respond to one of the following questions in your initial post:Your initial post should be 150 to 250 words in length. Respond to at least two of your classmates’ posts by Day 7 in at least one paragraph.Purchase the answer to view itPurchase the answer to view it©Copyright 2000-2018. All Rights Reserved. TermPaperChampions.com: The most reliable provider of custom academic papers. Our writers are here to help you complete papers from all disciplines and academic levels . You can always trust us to deliver.
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