The measure of central location most often reported for annual income and property value data is the _____.
A) median
B) mode
C) weighted mean
D) aggregate mean

Question

Quizplus · Accepted Answer

The median is the measure of central location that is most appropriate for annual income and property value data because it is less affected by outliers and extreme values, which are common in these types of data. The mode is typically not used for continuous data such as income and property values. Weighted mean and aggregate mean are not appropriate if the data are skewed.

The Measure of Central Location Most Often Reported for Annual