question archive Xenia is analyzing the cross-store sales of a grocery store chain
Xenia is analyzing the cross-store sales of a grocery store chain
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Xenia is analyzing the cross-store sales of a grocery store chain. As part of her analysis, she computes two measures of central tendency: mean and median. The mean sales are $358.4 million, and the median sales are $163.1 million (per store). To quantify the average sales per store, which of the two measures would she use and why?
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Mean is the average of all given values while median is the middle number in a set of values. Or, half of the given values will be above the median value and half of the given values will be below it.
To quantify the average sales per store, the mean sales of $358.4 million should be included since it is the actual average figure.
