The salaries of six bank employees are $37,000, $38,500, $35,000, $37,000, $45,000, $40,000, and $75,000.

Which statement is true?

Question 1 options:

Both the median and mode are appropriate measures of center.


The mean, median, and mode are all appropriate measures of center.


Both the mean and median are appropriate measures of center.


The median is the only appropriate measure of center.

The correct answer is: Both the mean and median are appropriate measures of center.

Statistics is a branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data. It involves the use of mathematical and computational tools to summarize and analyze large sets of data, with the goal of extracting meaningful insights and identifying patterns or trends.

Here,

The mean is the sum of all salaries divided by the number of salaries. In this case, the sum is:

37,000 + 38,500 + 35,000 + 37,000 + 45,000 + 40,000 + 75,000 = 307,500

And there are seven salaries. Therefore, the mean is:

307,500 / 7 = 43,928.57

The median is the middle value when the salaries are arranged in order from lowest to highest. First, we need to arrange the salaries in order:

35,000, 37,000, 37,000, 38,500, 40,000, 45,000, 75,000

The median is the middle value, which is 40,000.

The mode is the value that appears most frequently in the set of salaries. In this case, both 37,000 and 40,000 appear twice, so there is no unique mode.

Since the salaries are not symmetrically distributed, the mean is not a perfect measure of central tendency. However, it can still provide useful information about the "average" salary. On the other hand, the median is resistant to extreme values and may be a better measure of central tendency for this dataset. Therefore, both the mean and median are appropriate measures of center for this dataset.

To know more about statistics,

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