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APA
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Business & Marketing
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Coursework
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English (U.S.)
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Topic:

The Descriptive Statistics And Probability

Coursework Instructions:

You are looking for a home in a particular neighborhood, and you want to know the typical number of bathrooms and bedrooms, the square footage, and the appraised value of houses in that neighborhood. Which measure of central tendency (mean, median, or mode) would be the most appropriate for each piece of information listed, and why? Cite and reference needed

Coursework Sample Content Preview:

Descriptive Statistics and Probability
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Descriptive Statistics and Probability
A measure of central tendency is a value that attempts to describe data in a given set by identifying a central position within the dataset CITATION Mik172 \l 2057 (Allen, 2017). Mean, Mode and Medium are the three measures of central tendency. Mean refers to the average of a data set, i.e., the sum of all the data within the set divided by the total data with the set. Mode refers to the most common value or figure within a data set. In other words, it is the value that occurs more often than other values. Lastly, the median refers to the middle of the data set given. Of the three, only mean requires a formula.
When looking for a home in a given neighborhood, the key features to look out for include a typical number of bathrooms & bedrooms, the square foot, and the appraisal value of houses. Each of the measures of central ...
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