Question

The prices of some jewelry sets in a store are shown below:

Store Price
A $110,000
B $100,000
C $1,110,000
D $130,000
E $120,000


Based on the data, should the mean or the median be used to make an inference about the price of the jewelry sets in the store?

Answer 1

The Median should be your best answer.

Usually, using the mean would be best, however, note that one of the numbers is larger than all the others ($1,110,000), and so will throw the median off. This means that median would be your best choice.

hope this helps