An automobile repair shop reports that half of the automobiles they repair have a resale value below $8000.In this example,the $8000 represents which measure of central tendency?
A) Mean
B) Mode
C) Median
D) Standard deviation

Question

Quizplus · Accepted Answer

The $8000 represents the median since it is the value that separates 50% of the automobiles repaired by the shop with a resale value above $8000 and the other 50% with a resale value below $8000. The mean and mode do not provide the same information as the median since they are affected by extreme values or a skewed distribution. The standard deviation is a measure of variability and does not relate to the given information.

An Automobile Repair Shop Reports That Half of the Automobiles