250 words statistics

Answer each question fully. Use a minimum of 250 words for a complete discussion post. While it is not required in this discussion, feel free to bring in outside resources to support your answers. Outside resources include materials outside of the textbook, such as a website.

An average is an attempt to summarize a collection of data into just one number.

• Explain how the mean, median, and mode all represent averages in this context.
• Why is the mean a balance point? Why is the median a midway point? Why is the mode the most common data point?
• List three areas of daily life in which you think the mean, median, or mode would be the best choice to describe an “average and explain why.