Why Would One Want to Use a Trimmed Mean Instead

question 25

Essay

Why would one want to use a trimmed mean instead of a mean? In your answer please provide a numerical example that demonstrates the advantage.

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Definitions:

Body

The main part of a document, article, or speech that contains the core content and arguments.

Formality

The level of adherence to established conventions or protocol, often reflected in language, dress, or behavior.

Business Reports

Formal documents that provide analysis, data, and recommendations to assist in business decision-making.

Increase

To become larger or greater in size, amount, number, or degree.