When Might the Median Be the More Appropriate Measure of Central

question 7

Essay

When might the median be the more appropriate measure of central tendency over the mean?

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Definitions:

SAM

Stands for Serviceable Available Market, which is the portion of the Total Available Market (TAM) that can be served by a company's products or services.

SOM

An abbreviation that can refer to various concepts, depending on the context; one example is "Self-Organizing Map," a type of artificial neural network.

SOM

The subset of the Serviceable Available Market that an organization can expect to reach, considering factors like competition and market readiness.

SAM

An abbreviation for Serviceable Available Market, which is the portion of the Total Available Market that can actually be reached by a company.