You are looking for a home in a particular neighborhood and

You are looking for a home in a particular neighborhood, and you want to know the typical number of bathrooms and bedrooms, the square footage, and the appraised value of houses in that neighborhood. Which measure of central tendency (mean, median, or mode) would be the most appropriate for each piece of information listed, and why?

Solution

Typical no. of bathrooms and bedrooms: I\'ll use median because the distribution of number of bathrooms and bedrooms is not symmetric. And median remains unaffected by the skewness of the distribution.

Square footage: I\'ll use mode as it represents the most occurred value. So, I can get idea of square footage.

Appraised value of house: I\'ll use mean to get average value.