Question

The sales manager for a quality furniture manufacturer is interested in selecting the regions most likely to purchase his firm's products. Would be most interested in the mean or median of family income in prospective sales areas?

Answer 1

I don't no

I don't no

Answer 2

The Sales Manager would be most interested in the median of family incomes in the prospective sales areas as that can provide him with a fair idea of how much money families earn each month so that he can devise a strategy. A median can show a central tendency.

For calculating median, arrange all numbers from smallest to largest. If there are odd number entries, a median is a middle value whereas, If it is an even number of entries, a median is an average of the two values that lie in the middle.