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There are several advantages and disadvantages associated with each of these measures. The mean utilizes all of the data values so each term is important. Utilizes them all even if some of the data values might suffer from collection errors. The median ignores outliers (which might be a result of collection errors) but does not account for the relative differences between terms. The midrange is very easy to compute but ignores the relative differences for all terms but the two extremes. A similar collection of features and drawbacks are associated with all descriptive statistics.
in-context