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Discuss the three common measures of location

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Discuss the three common measures of location: mean, median, and mode. What are the advantages and disadvantages of these measures of location? How does the mean, median, and mode location differ between a symmetric to skewed distribution? Why are measure of location, commonly called measures of center, not sufficient in themselves to get a good picture of a data set? Support your answers with an example of a business application.

Reference no: EM132844623

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