Posted: December 31st, 2016

Consider the following scenario: In a small South American country, many people are poor, whereas a small number are extremely wealthy.

Consider the following scenario: In a small South American country, many people are poor, whereas a small number are extremely wealthy. In describing how poor or wealthy the average villager is, how might the mean, median, and mode for family income provide realistic or misleading measures of central tendency? What types of research would be appropriate to study the effects of the distribution of wealth in this country? Why?