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Measures of Central Tendency

Measures of Central Tendency

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Published by: horizon8586 on Jan 05, 2010
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08/05/2013

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Quantitative Analysis
Chapter 3Measures of Central Tendency
Submitted to: Prof. Mamta BhrambhattDate of Submission: 24/12/2009
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Index1. Measures of Central Tendency: Ungrouped Data.
Mode
Median
Mean
Percentile
Quartiles
2. Meaures of Variability: Ungrouped Data.
Range
Interquartile Range
Mean Absolute Deviation
Variance
Standard Deviation
Empirical Rule
Chebyshev’s Theorem
z Scores
Co-efficient of Variation3. Measures of Central Tendency and Variability: Grouped Data
Mean
Mode4. Measures of Shape
Skewness
Kurtosis
Box and Whisker plots5. Measures of Association
Correlation
1. Measures of Central Tendency: Ungrouped Data.
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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:
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:
Dispersion is the spread of the data in a distribution, that is, the extentto which the observations are scattered.
Objectives:
 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
Mode:
 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.
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