Jason collects information about annual family income from each student at his c
ID: 3150809 • Letter: J
Question
Jason collects information about annual family income from each student at his college. He computes both the mean and median family income across all students and is surprised to find that the mean income is much higher than the median income. What is the most likely reason for the difference in the mean and the median? Select one: The sample size is too small. The median tends to produce lower estimates of central tendency. The median is not an appropriate estimate for annual family income's lovel of measurement. The mean is more affected by a small number of extreme values.Explanation / Answer
As the mean>median
The frequency distribution is positive skewed.
Which means that the extreme values to the right are dragging the mean to the right.
That means the mean is more affected by the small number of extreme values.
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