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Author Question: Dave is a college student contemplating a possible career option. One factor that will influence his ... (Read 77 times)

Arii_bell

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Question 1

Suppose that a state introduces a state income tax which will be at a flat rate The state legislature wishes to estimate how much money they will receive in taxes, and to do this they need to know the average income of residents of the state. Which information would be most useful, the mean income, the median income, or the mode of the incomes?  Why?

Question 2

Dave is a college student contemplating a possible career option. One factor that will influence his decision is the amount of money he is likely to make. He decides to look up the average starting salary of graduates in that profession. Which information would be most useful to him, the mean starting salary, the median starting salary, or the mode of the starting salaries. Why?


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Marked as best answer by Arii_bell on Jan 18, 2020

Galvarado142

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Arii_bell

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Reply 2 on: Jan 18, 2020
YES! Correct, THANKS for helping me on my review


mcabuhat

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Reply 3 on: Yesterday
:D TYSM

 

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