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Chapter 3: Q1 (page 91)

Average The defunct website IncomeTaxList.com listed the “average” annual income for Florida as $35,031. What is the role of the term average in statistics? Should another term be used in place of average?

Short Answer

Expert verified

Average is a general term for the central location. The term mean can be used in place of average.

Step by step solution

01

Given information

It is stated that the average income of Florida is $35,031.

02

Explanation for the term average

Average is a mathematical term used for computing the center of the dataset. Mathematically, it is a quotient of the sum of all observations to their count.

03

Alternative term for average

The term mean can be used in place of average to define the same idea in statistics. There are different types of mean, such as arithmetic mean, harmonic mean, and geometric mean.

Of the three, the term average is closely related to arithmetic mean.

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