A Guide To Conduct Analysis Using Non-Parametric Statistical Tests

The average salary package of an economics honors graduate at Hansraj College during the end of the 1980s was around INR 1,000,000 p.a. The number is significantly higher than people graduating in early 80s or early 90s. What could be the reason for such a high average? Well, one of the highest paid Indian celebrity, Shahrukh Khan graduated from Hansraj College in 1988 where he was pursuing economics honors. This, and many such examples tell us that average is not a good indicator of the center of the data. It can be extremely influenced by Outliers. In such cases, looking at median is a better choice.