Question

If I have a set of 50 numbers, most of which are between 200 and 300, but one of which is 1,000,000, which type of population parameter would best describe my population?

a. mean
b. mode
c. median

Answer 1

Answer: C

Explanation:

I would have to go with median, not only for mathematical reasons but also because in social studies and analytics, population approximations are usually measured in median of data sets. This is to prevent an overly large or small mean data set. While mode could be a good idea, if all of the numbers are different save for two, which is way different from the mean or median, then it can also be an inaccurate representation of the population. So median would be the best parameter to use. Hope this helps!