There's some interesting discussion in this thread about truncated vs winsorized means. For my own part, this is the first time I've come across either of these terms.
I tend to benefit the most from seeing the entire distribution visually, and that helps me decide if I'm looking for a median, a "normal" mean, a "mean minus some weird outliers", or something different entirely.
Does anybody happen to know of a good visual guide for how different measures of central tendency apply to various distributions? Anything that emphasizes pathological cases is helpful.
I tend to benefit the most from seeing the entire distribution visually, and that helps me decide if I'm looking for a median, a "normal" mean, a "mean minus some weird outliers", or something different entirely.
Does anybody happen to know of a good visual guide for how different measures of central tendency apply to various distributions? Anything that emphasizes pathological cases is helpful.