Suppose that in a small town of 50 people, one person earns $5,000,000 per year and the other 49
$30,000. Compute the mean and the media. Which is the better measure of the
"center": the mean or the median? Explain.
The mean is (( 5,000,000+ (49*30,000))/50 = 6470,000/50= $129,400 The median is the 15th... View the full answer