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

question 34

Essay

State which type of average, the mean, median, or mode, would be most appropriate in the situation described. Explainyour thinking.
-A state governor is planning a tax cut. The governor is to announce the average amount
that people would save if the tax cut were to take effect. If the governor wants to
exaggerate the benefit of the tax cut, which average would he quote?

---

Definitions:

Slope

The measure of the steepness or incline of a line, defined as the ratio of the vertical change to the horizontal change between two points on the line.

Regression Formula

A mathematical equation used in statistical analysis to predict the value of a dependent variable based on the value(s) of one or more independent variables.

Predicted Income

An estimate of the amount of money an individual, business, or organization is expected to receive over a specific period.

Regression Formula

An equation used in statistical analysis to predict the value of a dependent variable based on one or more independent variables.