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What are the advantages of using median?
When someone asks a for an "average" value, that can mean a couple of different things. "Mean," "median," and "mode" are all values that are used to relate what the "center" or "average" of a distribution of values is. Each one has their advantages and disadvantages. The median is the value that divides the distribution exactly into halves - 50% is below it, and 50% above it. The median may not actually occur in the distribution, but it is the "balance point" of the distribution. The main advantage of the median is that it is not affected by outliers as the mean is and the mode can be. In distributions with a clear skew, such as housing prices or wages, using the median provides a much better estimate of what the "average" is.
What are the advantages and disadvantages of using scientific models?
disadvantages *not to scale *there are limitations
What are the advantages and disadvantages of parametric statistics?
no
Advantages and disadvantages of histogram?
disadvantages of histogram compared to barchart
What is the advantages and disadvantages of pie chart?
everything
