Which measure of center is most appropriate, and what is the value of the measure of center?
You are a sports agent's assistant. You are preparing a
report on contracts you have obtained for the agent's
clients. You recently negotiated the following annual
contracts: $2.8 million, $18.9 million, $1.5 million, $1.2
million, $1.5 million, and $3.5 million per year. The
standard deviation of the data is 6.3, and the range is
17.7.
O median; $1.35 million
mode; $1.5 million
O median; $2.15 million
O mean; $4.9 million
O mean; $5.58 million