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Bus. Stat.
Bus. Stat.
Central
Tendencies
MEAN
MEDIAN
Mean
Is the average of the scores the
mathematical center of the
distribution. It is used with the
symmetrical, unimodal
distribution of interval or ratio
scores.
Formula: x= x/n
36, 30, 31, 33, 29
Solution
Formula: x= x/n
Where: x = mean
x= items/score
n= number of items
Then,
x= (36+30+31+33+29)/5
x= 31.8
Median
Is the value that has exactly half
the data above it and half below
it.
It is the middle number when
the data are arranged in order
Formula: ((n+1)/2)
40, 42, 42, 42, 43, 44, 45, 45, 50
Solution
Formula: (n+1)/2
n=9
= (9+1)/2
=5
Therefore the 5th number to the above given is the media.
Median= 43
Standard
Deviation
Is another measure of variation
that describes how scattered the
data are with respect to the
mean of the given data.
Variance
Is almost similar to standard
deviation. They both measure
the spread of data with respect
to the mean.