Discuss difference between the mean cost and the median cost, Accounting Basics

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Discuss difference between the mean cost and the median cost

Question: The article "The Wedding Industry's Pricey Little Secret" stated that the widely reported average wedding cost is grossly misleading. The article reports that in 2012, the average wedding cost was $27,427 and the median cost was $18,086. (a) What does the large difference between the mean cost and the median cost tell you about the distribution of wedding costs in 2012?

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Accounting Basics: Discuss difference between the mean cost and the median cost

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Accounting Basics: Discuss difference between the mean cost and the median cost

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