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The median would be used in preference to the arithmetic mean whenever a distribution is significantly skewed or data is difficult or expensive to measure. For example, salaries of employees, turnover of a large set of companies, time to destruction in tests of components.
The mode would be used in preference to the median as the most useful measure of location when the 'most common' or the 'most popular' item is required. For example number of customers in a queue, number of defects in a sample, sales of shirts by neck sizes.
The arithmetic mean would be used in preference to any other average in symmetric distributions or where further statistical calculations or analysis might be required. For example, number of items produced per day on a large assembly line, number of orders received per month for a firm.
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What is the uses of mean median and mode in business and industries?
mean can be used in business and industries for comparing purposes. mode as it gives us the value which occurs most often, it can be use to determine the shoe sizes especially in shoe manufacturing industries. median is used to determine the skewness of data
What job uses mean median mode?
Lots, for example a statistician, or a scientist presenting results.
Is the mean influenced more than the median by a few extreme scores at one end of the distribution?
Yes. The mean uses the actual value of each observation. The value(s) of only the middle observation (or pair of middle observations) is required for the median. For all other observations, the median is concerned only with whether it is larger or smaller than it is.
What are the uses of mean median mode in our daily life?
The use is very important. Your teacher uses MEAN to average your grade. She/ or he adds up all the grades and divides them by the number of grades you have. for example: 89+97+95=281. Divide 281 by 3= the answer would be 93.6666666667. She would round it 93.6 is rounded to 94 so your average would be 94. Median means the middle number. If the peaks of three mountains are 13,12, and 5. put those numbers from least to greatest 5,12, 13 using the butterfly method draw a curve from 5 to 13. The number in the middle is 12 so the fourth mountain peak number is twelve(12) ft high. Mode can be used in charts graphs, E.T.C. Mode is the repeating number. Example: 12,12,45,67,35,12,1,45,67,100,92. The number that repeats the most is 12 so the mode is 12. Remember Mode:Repeating number,Mean:Average, Median:Middle. :)
How do you find th number missing if the median is 104?
The median uses the position of the data rather than their actual values. As a result, in general, you will only be able to determine whether the missing value is greater than or less than the median.
