Suppose that you are writing a report on the economic importance of snowbirds in the Lakes Region Planning Commission’s Region. The director ask you what the share of seasonal homes in total (housing_percentOfseasonal) for a typical town in the region is.
You would use the mean
This is beacuse the median and mean are close enough together to show that the data is somewhat bunched together. We would use mean in this instance because the mean is the average and would prove to be more accurate in this sense.
68.020%
Suppose that director suspects that the share of seaonsal homes (popBA_percent) may be associated with the educational level of residents. Divide the towns into two groups: 1) educated towns (the share of population with Bachelor’s degree or ‘’’higher than the average’‘’) and 2) other towns (the share of population with Bachelor’s degree or’‘’lower than the average’’’).
This is because more educated people generally have more money to spend. This means that more educated people can afford a seasonal home more so than people that are less educated