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Numerical Variables
Measures of Measure of Measures of
Central Tendency Variability/Dispersion Shape
Mean Range Skewness
Mode Variance
Harmonic Mean
Qualities of a Good Average
Easy to understand
Simple to compute
Based on all the items
Not be unduly affected by extreme observations
Rigidly defined
Capable of further algebraic treatment
Sampling stability
Types of Averages
marks with f1, f2, ….., fk as the corresponding class frequencies, the sum of
the values in the first class would be f1X1, in the second class f2X2 and so on
the sum of the values in kth class would be fkXk. Hence, the sum of the
values in all the k classes would be
Merits & Demerits of Arithmetic Mean
Merits:
It can be easily calculated so it is the most used measure of central tendency.
As every item is taken in calculation, it is affected by every item.
As the mathematical formula is rigid one, therefore the result remains the same.
Fluctuations are minimum for this measure of central tendency.
As it is rigidly defined, it is mostly used for comparing the various issues.
Demerits
It cannot be located graphically.
A single item can bring big change in the result.
Its value will be effective only if the frequency is normally distributed. Otherwise
in case skewness is more, the results become ineffective.
Weighted Arithmetic Mean
The harmonic mean, H, of a set of n values X1, X2, ……, Xn is the
reciprocal of the arithmetic mean of the reciprocals of the values.
Mathematically, the formula for harmonic mean will be as
follows;
Median
Median is a value in series such that it divides the series exactly in halves. This
means one half of the series above median contains all values greater than it
and the other half contains all values smaller than the median. Hence median is
the mid-value.
Mode
Mode simply refers to the value that occurs the maximum number of times in a
distribution.
Which is Best—the Mean, Median, or Mode?
Yes and no. All continuous data has a median, mode and mean.
However, strictly speaking, ordinal data has a median and mode only,
and nominal data has only a mode. However, a consensus has not
been reached among statisticians about whether the mean can be
used with ordinal data, and you can often see a mean reported for
Likert data in research.