| Suppose a hat shop decides to order hats in only one size for the coming season. To decide which size the shop should order, look at last year's sales figures, which are itemized according to size. Should the mean, median, or mode be found for the data? Why? Choose the correct answer below. A. The median should be found, because the median will give a size that is right in the middle of what people purchased last year. B. The mode should be found, because it indicates which hat size was purchased the most among the store's customers. Finding the mean will give a size similar to what most customers want, but it may be that nobody has a hat size equal to the mean. The median is equally unreliable for this purpose, because there may be only one, or even zero, customers who want the median hat size. C. The mean should be found, because the mean will give a size that is similar to what the majority of the store's customers purchased last year. D. The mean, the median, or the mode would all be equally appropriate to determine what size hats to order.
Real Tutor Solution
Answer
Solution
Reviewed and approved by the UpStudy tutoring team
Extra Insights
The best choice here is B. The mode should be found, because it indicates which hat size was purchased the most among the store's customers. This is crucial for stocking the most popular size and ensuring that the shop meets customer demand. The mean might be skewed by outliers, while the median may not reflect what the majority really wanted, making the mode the most reliable indicator for this scenario. In real-world application, understanding the mode can help small businesses tailor their inventory perfectly. For example, if a coffee shop realizes that the majority of their customers prefer a specific drink size, they can focus their inventory on those cups, minimizing waste and maximizing sales. This focused approach can significantly boost customer satisfaction, proving that sometimes, simple statistics can lead to impressive results!