The median is often preferred over the mean in cases where the data is skewed or contains outliers. Unlike the mean, which can be heavily influenced by extreme values, the median represents the middle value, making it a more robust measure of central tendency for distributions with outliers. In a dataset with extreme high or low values, the median remains unaffected, providing a more accurate reflection of the central location of data points, especially when the goal is to understand the data's typical value without distortion from outliers. Option A is incorrect as the median is not always simpler to calculate; it depends on dataset size and ordering. Option C is incorrect because the mean is often the preferred measure in normally distributed datasets. Option D is incorrect since the median only considers the middle position, not all points equally. Option E is incorrect because the median remains stable even with extreme values.
Where was the first photographic evidence of the Mainland Serow documented?
Recently Ministry of Defence (MoD) announced it had, for the first time, entrusted a private firm ____ to manufacture an entire aircraft for the military.
What milestone did India achieve in Foreign Direct Investment (FDI) inflows by September 2024?
Which bank has issued its maiden 10-year Sustainability Bond and raised USD 1 billion under its Environmental Social Governance (ESG) Framework?
How much import duty was imposed on edible oils to benefit Indian farmers, particularly oilseed farmers?
What does the Social Dialogue Report 2024 by the ILO emphasize as a key need for governments?
Who won the Golden Peacock award for Best Film at the 55th International Film Festival of India (IFFI) 2024?
When did TRAI issue a Consultation Paper on 'Embedded SIM for M2M Communications'?
Which country's civil servants recently completed the 4th Mid-Career Training Programme in New Delhi as part of a Memorandum of Understanding with India?
Recently Shri Narendra Singh Tomar inaugurated the first Greenfield Farm Machinery Plant of Mahindra & Mahindra at which of the following state?