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#reading-8-statistical-concepts-and-market-returns
Question
For highly skewed distributions what is a better measure of central tendency, the mean or the median?
Answer
the median because it is less sensitive to extreme scores than the mean.

Tags
#reading-8-statistical-concepts-and-market-returns
Question
For highly skewed distributions what is a better measure of central tendency, the mean or the median?
Answer
?

Tags
#reading-8-statistical-concepts-and-market-returns
Question
For highly skewed distributions what is a better measure of central tendency, the mean or the median?
Answer
the median because it is less sensitive to extreme scores than the mean.
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Subject 4. Measures of Center Tendency
he middle observation (n + 1)/2 of the data set. If the number of observations is even, there is no single middle observation (there are two, actually). To find the median, take the arithmetic mean of the two middle observations. <span>The median is less sensitive to extreme scores than the mean. This makes it a better measure than the mean for highly skewed distributions. Looking at median income is usually more informative than looking at mean income, for example. The sum of the absolute deviations of each number from the median is lower than the sum of

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