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University: Indiana University Bloomington - IUGreek Organization: Sigma Alpha Epsilon
Author: Top PiKapps Pledge
Comment: Looking at the histogram of Revenue Displacement, the central measure of tendency (most likely the mean/median region) will fall where the data is most concentrated. From the chart: The tallest bars (highest frequencies) are between $2.25β$3.75 and $3.75β$5.25. Together, these two bins dominate the distribution, meaning most of the values fall here. The data is right-skewed (long tail to the right), so the mean will be slightly higher than the median, but both still lie in this central region. π Answer: The bin that contains the appropriate central measure of tendency is $3.75 β $5.25. Do you want me to also explain why itβs not one of the other bins (like $2.25β$3.75) in terms of median vs mean?
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