18,274
Views
0
CrossRef citations to date
0
Altmetric
Original Articles

Mean, Median and Mode from a Decision Perspective

&

Figures & data

Table 1: Frequency distribution for the number of “No Shows” from a sample of 200 flights.

Table 2: Companion empirical probability mass function for the number of “No Shows” on Sky Bound Flight 123.

Table 3: The gain function, g(x,y), for Scenario 1.

Table 4: The return function, R(x), for Scenario 1

Table 5: Computed returns from the alternate return function formulation for Scenario 1

Table 6: The gain function, g(x,y), for Scenario 2

Table 7: The return function, R(x), for Scenario 2

Table 8: Rewriting and simplifying M(x) across its domain for easier analysis

Table 9: Comparing returns using M(x) with entries for Scenario 2

Table 10: The gain function, g(x,y), for Scenario 3.

Table 11: The return function, R(x), For Scenario 3.

Table 12: “Which Measure of Center Should I Use?” for the Return Maximum Criterion.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.