Workers at an automobile repair shop report that half of the automobiles they repair have a resale value below $8000. in this example, which measure of central tendency does the $8000 represent?

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22-07-2022
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Workers at an automobile repair shop report that half of the automobiles they repair have a resale value below $8000. in this example, which measure of central tendency does the $8000 represent?

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-07-30T19:56:48+02:00

In the given example, the $8000 represents median of central tendency. The median is the number in the middle of a sorted, ascending or descending list of numbers, and it can be more descriptive of the data set than the average. It is the point above and below which half (50%) of the observed data falls, and thus represents the data's midpoint.

The median is the number in the middle of a sorted list of numbers. To find the median value in a series of numbers, sort the numbers in value order from lowest to highest or highest to lowest. The median can be used to approximate an average or mean, but it should not be confused with the actual mean.

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