The 2006 graduates of Bottom Line University all got great jobs. Their starting annual salaries are: $32,000; $50,000; $54,000; $60,000; $46,000; $46,000; $37,000; $53,000; $51,000; and $2.5 million
(At 6'10'' "Hoops" Johnson is playing professional basketball.)
Which of the mean or median is a better indication of what their graduates typically make?
A) mean
B) median

Question

Quizplus · Accepted Answer

The median is a better indication because the mean is skewed by the outlier salary of $2.5 million. The median provides a more accurate representation of the typical salary.

The 2006 Graduates of Bottom Line University All Got Great