Asked by Isabela Sabbag on Sep 23, 2024
Verified
The mean is affected by extreme values but the median is not.
Extreme Values
The lowest or highest points in a data set, which are significant for analyzing behavior in statistical models, particularly in risk management and survival analysis.
Median
The middle value in a list of numbers arranged in ascending order, or the average of the two middle numbers if the list has an even number of items.
- Distinguish between sensitive and less sensitive measures to extreme values in a dataset.
Verified Answer
SW
Samantha Wooten4 days ago
Final Answer :
True
Explanation :
The mean is calculated by summing up all the data points and dividing by the number of data points, therefore, extreme values can significantly impact the mean. However, the median is the middle value of a dataset, so it is not affected by extreme values.
Learning Objectives
- Distinguish between sensitive and less sensitive measures to extreme values in a dataset.
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