Income distributions almost always have a positive skew (since there are only a few very wealthy people).Therefore,the preferred measure of central tendency for this variable would be the

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Since income distributions have a positive skew, the mean tends to be pulled towards the outliers (very wealthy individuals) and does not represent the typical income of the population. The mode would not be preferred because it only represents the most frequently occurring income. Therefore, the median would be the preferred measure of central tendency as it represents the income of the middle person in the distribution, making it less sensitive to extreme values.

Income Distributions Almost Always Have a Positive Skew (Since There