Q 3.7 . - Elementary Statistics

Question

Floor space: The U.S department housing and urban development compiles information on new, privately owned single family houses. According to the document in 2012 the mean floor space of such homes are $2505 sq ft$ and the median was $2306 sq ft$. Which measure of center do you think is more appropriate? Justify your answer.

Step-by-Step Solution

Answer

The median is more appropriate as a measure of center when compared to the mean. 

Step 1. Given information.

 The U.S department housing and urban development compiles information on new, privately owned single family houses. According to the document in $2012$ the mean floor space of such homes are $2505 sq ft$and the median was$2306 sq ft$.

Step 2. Which measure of center do you think is more appropriate? Justify your answer.

When compared to the mean, the median is a better indicator of center.