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MIS 660 Topic 1 Discussions GCU
MIS 660 Topic 1 DQ 1
Suppose you wanted to estimate the average
household income of all Grand Canyon University (GCU) students. To expedite the
process, you only gather household income data from all your friends who major
in business at GCU. You then calculate the average income among your friends
and report that it represents the average income of all GCU students. Is this a
good approach? If not, how would you gather data to derive a better estimate?
Explain your answer.
MIS 660 Topic 1 DQ 2
ncome data typically have some outliers. For
example, Tim Cook, CEO of Apple, Inc., had a salary of about 400 million in
2011. Suppose you had a data set of incomes in 2011 for all GCU faculty and Tim
Cook. Which measure of central tendency would you use when reporting on the
incomes in your data set if you do not want outliers to have much effect?
Explain your answer.
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