Pros and cons of the mean and the median

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Reference no: EM13828157

Answers all the questions for 1 and 2, give examples and references:

1.Investigate the comparative pros and cons of the mean and the median. Find examples where the mean is more appropriate than the median and vice-versa. Discuss the locations of the mean, median and mode for a normal, left-skewed and right-skewed distribution. When providing examples, cite your sources.

2.Share 1 real-world binomial distribution situation and 1 real-world Poisson distribution situation. Be sure to explain why each example is defined as binomial or Poisson. How would you characterize the difference between the two types of distributions?

Reference no: EM13828157

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