The annual profits of five large corporations in a certain area are given below. Which measure of centraltendency should be used?$135,000 $143,000 $163,000 $133,000 $1,213,000
A) median
B) mean
C) mode
D) midrange

Question

Quizplus · Accepted Answer

The median is the best measure of central tendency in this case because the data includes an outlier ($1,213,000), which would significantly skew the mean. The median, being the middle value when the data is ordered, is not affected by this extreme value.

The Annual Profits of Five Large Corporations in a Certain