Statistics Homework Solutions
Problem
#224115

Median, Mode, Arithmetic Mean and Geometric Mean

Health care issues are receiving much attention in both academic and political arenas. A sociologist recently conducted a survey of citizens over 60 years of age whose net worth is too high to qualify for Medicaid and have no private health insurance. The ages of 25 uninsured senior citizens were as follows:

60 61 62 63 64 65 66 68 68 69 70 73 73
74 75 76 76 81 81 86 87 89 90 92

Which measure of central tendency can be used for both numerical and categorical variable?
Is it Median, Mode, arithmetic mean or geomertic mean? please explain...


Solution Summary

The solution provides step by step method for  the calculation of   descriptive statistics . Formula for the calculation and Interpretations of the results are also included.  

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