A company is trying to show that their wages are fair. The mean salary is $45,000 but the median is $67,000. Which should they use for their position?
statistics - PsyDAG, Sunday, January 20, 2013 at 12:34pm
The mean is more influenced by deviant scores, so this distribution is negatively skewed (pulled out to the left or lower end). With a skewed distribution, the median (50 percentile) is the best measure of central tendency, since of the three (mean, mode, median), it will typically be the most central.
Who are earning those extremely low wages that are skewing the distribution?
statistics - anoneemose, Sunday, January 20, 2013 at 1:02pm
haha, beats me, but I would not want to work there!