Question

a board of governors publishes information on family net worth. in 2010, the mean net worth of families in a particular country was $473.9 thousand and the median net worth was $76.5 thousand. which measure of center do you think is more appropriate? explain your answer. choose the correct answer below. a. the median because it is not strongly affected by the relatively few families with extremely high net worth. b. the mean because it is not strongly affected by the relatively few families with extremely high net worth. c. the mean because it takes into account each familys net worth in the country. d. the median because it takes into account each familys net worth in the country. e. the mean because it is not strongly affected by the relatively few families with extremely low net worth. f. the median because it is not strongly affected by the relatively few families with extremely low net worth.

Explanation:

The mean is sensitive to extreme values. In the context of family net - worth, a small number of families with extremely high net - worth can skew the mean. The median, on the other hand, represents the middle value when the data is ordered. It is not strongly influenced by these extreme values.

Answer:

A. The median because it is not strongly affected by the relatively few families with extremely high net worth.