We can use single numbers called “Summery Statistics’ to describecharacteristics of a data set. Two these characteristics are particularlyimportant to decision makers:1.Central tendency2.Dispersion
Central tendency is the middle point of a distribution.
Measures of central tendency
are also known as
Measures of location.
Measures of central tendency yield information about the center, or middle part, of agroup of a numbers. It does not focus on the span of data set or how farvalues are from the middle numbers.
Dispersion is the spread of the data in a distribution, that is, the extentto which the observations are scattered.
To use summary statistics to describe collection of data.
To use the mean, median and mode to describe how data “bunch up”
To use the range, variance and standard deviation to describe how data“spread out”.
MEASURES OF CENTRL TENDENCY: UNGROUPED DATA
The mode is a measure of
. It is the most common value in a
E.g. the mode of 3, 4, 4, 5, 5, 5, 8 is 5. Because 5 is occurring for the most of the time.
•Bimodal -- Data sets that have two modes
•Multimodal -- Data sets that contain more than two modes
When to use: Use the mode when the data is non-numeric or when asked to choosethe most popular item.