Doesn’t using mode just make a lot more sense? You are much more likely to be the mode than you are likely to be average in the mean class
[Originally said average in the title, fixed thanks to jbrains]
Doesn’t using mode just make a lot more sense? You are much more likely to be the mode than you are likely to be average in the mean class
[Originally said average in the title, fixed thanks to jbrains]
Mode would probably work great for the # of kids statistic.
Just to add, mode works best for data sets with low amount of values (number of kids is usually 1-3). It completely breaks with high amount of distinct values (like $ spent).
Yes, it works best for small integer numbers, but it doesn’t provide any meaningful degree of confidence in the amount of kids, because 0,1,2,2,2,3,5 and 1,2,2,2,3,5,6 have the same mode but express very different groups.