For your second point – there are legitimate uses for other summary statistics (mode, median), but they can still be very misleading. For example, you mention using the mode of the distribution as a predictor of what the next customer will pay – this definitely wouldn't work for a company with a metered pricing plan, for example. Distributions are often not well characterized by singular summary statistics, Anscombe's Quartet (mentioned elsewhere in this comments section) is a good example of this: http://en.wikipedia.org/wiki/Anscombe's_quartet