A sweepstakes offers a first prize of $10,000, two second prizes of $100, and one hundred third prizes of $10. Which measure of central tendency vest represents the avaliable prizes?
a. interquartile range
b. mode
c. mean
d. range

Question

A sweepstakes offers a first prize of $10,000, two second prizes of $100, and one hundred third prizes of $10. Which measure of central tendency vest represents the avaliable prizes?
a. interquartile range
b. mode
c. mean
d. range

jim_thompson5910 · Answer

Not entirely 100% sure on this one, but I think that the mean is the best way to represent the available prizes because you can do a weighted mean (so you effectively add more importance to the values that pop up more often than the others)

jim_thompson5910 · Answer

Of course, if you're only allowed to stick to those three prizes, then the mode is also valid (since the mode represents the most frequent value)

anonymous · Answer

@rebeccaskell94 What would your guess be? =)

jim_thompson5910 · Answer

lol didn't think to google, but I found the answer here http://teachers.sheboygan.k12.wi.us/sdamrow/documents/AA12-6pdf_000.pdf

anonymous · Answer

Idk what a is but judging by the rest of it, maybe like....b? but if this can wait @parthkohli is a genius and he could help

anonymous · Answer

Hahaha, thanks so much @jim_thompson5910 =)

jim_thompson5910 · Answer

lol yw