What would be your preferred measure of central tendency if you had the following data: $31,550;$33,750;$34,700;$37,550;$39,275?
A)median
B)mode
C)mean
D)average

Question

Quizplus · Accepted Answer

The mean is the most appropriate measure of central tendency for this dataset as it takes into account all of the values given and provides a representative average. The median and mode may not accurately represent the data as there is no clear clustering or skewness evident. The term "average" is not a specific statistical measure and is therefore not a valid choice.

What Would Be Your Preferred Measure of Central Tendency If