If you wanted to represent the typical income a number that

If you wanted to represent the typical income (a number that represents the center of your data) for a rich oil country in which the majority (more than 70%) of the people are poor and only a very small percentage (around 5%) are very wealthy, what would you use?

Select one:

a. The mean

b. The weighted average of the mean and median

c. The median

d. The mode

Solution

b. The weighted average of the mean and median