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.
The cost price of 30 apples is Rs.120. If it is sold at 25% profit, then how many apples will be sold for Rs.75?
A shopkeeper made a profit of 40% by selling an article for Rs. 280. If he had sold it after allowing a discount of 15% on its selling price, then find ...
An article was marked 80% above the cost price and sold after a discount of Rs. 780. If the selling price of the article is Rs. 1380 then find the cost ...
The profit gained from selling an item for Rs. 920 is equal to the loss faced when it is sold for Rs. 780. What would be the selling price of the item i...
A shopkeeper bought two articles for Rs. 900 each. If he sold one of them at 40% profit and the other at 25% loss, then find the difference between the ...
A merchant increased the price of a blouse by 20%. If the labeled price of the blouse is Rs. 600, and in this transaction, the shopkeeper made a profit ...
A shopkeeper bought 3 different types of goods: 100 items at ₹50 each, 200 items at ₹40 each, and 50 items at ₹60 each. If he sold all items at â‚...
The difference between selling an item at an 18 percent loss and at a 14 percent profit is Rs. 1000. At what price should the item be sold to make a pr...
The income of P is 50% more than the expenditure of Q. Expenditure of P is 40% less than the income of Q. If the savings of P and Q are Rs 3000 and Rs 2...
A dealer buys three different fruits A, B & C at the rate of Rs. 50, Rs. 40 and Rs. x per kg respectively. The quantity (by weight) of B bought by him i...