State Which Type of Average, the Mean, Median, or Mode

question 150

Essay

State which type of average, the mean, median, or mode, would be most appropriate in the situation described. Explainyour thinking.
-A parcel service wants to estimate how many vans it will need. It knows how many parcels
are delivered each day, but it also needs to know the average volume of the parcels. Which
average would be the most useful?

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Definitions:

Commodities Price Index

An index that measures changes in the general price level of commodities traded in the global markets, like metals, food, and energy.

Productive Resources

Includes the inputs used in the production of goods and services, such as labor, capital, and natural resources.

Per Capita Water Use

The average amount of water consumed per person in a given area or community within a specified time period.

Demographic Transition

A model describing the transformation of a country from high birth and death rates to low birth and death rates as it develops economically, leading to a stable population size.