Introduction to Quantitative Methods
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Textbook:
Pages : 395;
Paperback;
210 X 275 mm approx.
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276; Paperback;
210 X 275 mm approx, Sample Applied Theory Questions
Sample Multiple Choice Questions (Online Quiz)
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<< Chapter 2
Measures of Central Tendency : Chapter 3
SUMMARY:
Central tendency is a statistical measure that takes one number as the representative of a group. It is an economical estimate of the general characteristics of a group. There are three main measures: mean, median, & mode. Mean is the average of all the observations. The median is the middle of a distribution: half the observations are above the median and half are below the median. The median is less sensitive to extreme scores than the mean. This makes it a better measure than the mean for a data set with extreme values. The mode is the most frequently occurring observation in a distribution.
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Measures of Central Tendency - An Overview
Frequency Distribution
Objectives of Averaging
Requisites of a Good Average
Types of Averages
Mathematical Averages
Arithmetic Mean
Calculating the Mean from Ungrouped Data
Calculating the Mean from Grouped Data (Frequency distribution)
Advantages and Disadvantages of Mean
The Weighted Arithmetic Mean
Geometric Mean
Harmonic Mean
The Median
Calculating the Median from Ungrouped Data
Calculating the Median from Grouped Data
Advantages and Disadvantages of Median
The Mode
Calculating the Mode from Ungrouped Data
Calculating the Mode from Grouped Data
Advantages and Disadvantages of Mode
Relation between Mean, Median and Mode
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