BUSINESS STATISTICS untamil This graph shows the distribution of annu In your op

Question

BUSINESS STATISTICS untamil This graph shows the distribution of annu In your opinion, which distribution of annual house #15. al household income in the United States in 2014 incomes: mean, median or mode? nation explaining why you selected this particular measure of o display measure of central tendency best describes the center of this hold ariable s as if Offer a brief expla central tendency for this distribution of annual household income· AVnt Percentage of U.S. Households by Annual Income Bracket ct the

Explanation / Answer

Answer

The histogram we have above is a right-skewed(Positively skewed) histogram.

The mean is somewhere in the middle of the histogram's number line.

The median is that point which bifurcated the data into two halves. and Mode is the point which has the highest frequency. The mode is the best measure of central tendency in this case since its the point which is present the highest number of times in the distribution of the data.

The data is about the annual household income and mode which gives the household income of the highest number of households will be a better measure of central tendency. Mean will be most likely higher because of high-income households. Median will not give much information too.

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