Give an example to illustrate that the median should not always be preferred to the mean when the population or sample is skewed
What will be an ideal response?
There are times when the mean would still be the preferred measure even if the distribution were skewed. Consider an insurance company that most likely faces a right-skewed distribution of claims. If the company wants to know the most typical claim size, the median is preferred. However, suppose the company wants to know how much money needs to be budgeted to cover claims, then the mean is preferred.
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Resorts are health spas or locations with a single purpose, catering to a single target segment.
a. true b. false
Working on his HR strategic plan, Jose is thinking about whether to recommend specific job descriptions or broad job classes, and detailed or loose work planning. Jose is considering the HR strategic choice related to:
A) performance appraisals. B) staffing. C) work flows. D) employee separations.