Explain best measure of variability to use

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Statistics often is concerned with estimating the center of a distribution by using the mean, median, and sometimes the mode. Describe a real-world example in which one measure of central tendency provides useful information while another measure of central tendency provides meaningless (or even misleading) information. Also explain which of the three measures of central tendency would be appropriate, for this example, and why. Identify what you think is the best measure of variability to use for your example and explain why you believe it to be better than the others.

Reference no: EM13143356

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