Suppose the incomes for households in the small community of Hatcherville were $45,000, $50,000, $50,000, $53,000, $57,000, and $375,000. A real estate agent wants to portray the community as a high-income area. What measure of central tendency should the real estate agent use?

Question

Quizplus · Accepted Answer

The mean (average) income would be significantly increased by the one very high income of $375,000, making the community appear wealthier on average than if the median or mode were used.

Suppose the Incomes for Households in the Small Community of Hatcherville