Measures of Central Tendency Paper

Measures of Central Tendency Paper

The mean salary is often used to describe the salaries of employees of a company. However, the median salary may be a better measure of the salaries in comparison to the mean. Research a career you are interested in and calculate the mean and median salaries using at least ten data points. Include the calculations and the data source(s). Which is the better measure of central tendency? Why? Review and respond to the comments posted by your peers and offer your insight on this topic. Do you agree or disagree with their selection? Why or why not?

Check this good simple and easy to use resource for making box plots: http://www.shodor.org/interactivate/activities/BoxPlot/
This is a good place for an example : http://home.ubalt.edu/ntsbarsh/Business-stat/otherapplets/Descriptive.htm
If you have an even number of data points, then you average the 5th and 6th elements (when placed in numerical order) to obtain the median.
The median divides the original data set into equal sized halves; repeat the procedure with these new smaller data sets to find the first and third
quartiles.

Pay attention to whether these new smaller sets have an even or odd number of elements!
This post seems to focus on the mean and median, but there is another measure of central tendency – the mode.
In what situations and what variables would the mode be the best choice as the measure of central tendency?
This side question has nothing to do with salaries, they are continuous quantitative variables.
(Needs to be at least 150 words)