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?
Mean, because it is in the center of the data
Median, because it is in the center of the data
Median, because there is an outlier that affects the mean
Mean, because there are no outliers that affect the mean

Answer 1

the answer is Median, because there is an outlier that affects the mean and im 100% that i am right

Answer 2

(C) Median, because there is an outlier that affects the mean

Explanation:

The given data set is:

A $110,000

B $100,000

C $1,110,000

D $130,000

E $120,000

Since, in the given data set, there is an outlier that is $1,110,000 is present and we know that in order to make any inference about the data set, if an outlier is present in the given data set, then we cannot use mean to make any inference, hence median can be used in its place.

Thus, option C is correct that is Median, because there is an outlier that affects the mean.