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Problem 1

 

2.3 Measures of Central Tendency: Mean, Median, Mode

Find the mean, median, and mode for the following earnings data for a housewife who returned to the workforce in 2003. Which measure of the center would you recommend to best represent the data below: mean, median, or mode? Why?
2003  $38,053.00    2006  $47,767.00          2009  $69,251.00

2004  $0.00             2007  $45,501.00

2005  $41,097.00    2008  $55,959.00

 

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