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For each data set, find the median, midrange, and geometric mean. (b) Are they reasonable measures of central tendency? Explain.
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1 of 4The median is the number in the middle of a set of numbers if is odd and the average of the two middle terms' values if is even. Keep in mind that the data need to be sorted in increasing order.
The midrange is defined as the average of the lowest and highest values, i.e.,
where
- is the lowest value,
- is the highest value.
The geometric mean, denoted by , is a multiplicative average, calculated by multiplying the data values and then taking the th root of the result, i.e.,
This can be computed only if all the values are positive.
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