E ploring

Measures of
Central Tendency:
Understanding
the Key
Statistical
Indicators
 Introduction

In statistics, measures of central tendency

provide insights into the central or typical
value of a dataset. Understanding the mean,
median, and mode is crucial for data analysis
and decision-making.
Mea
n
The mean is the average value of a
dataset, calculated by summing all
values and dividing by the total
count. It is sensitive to outliers and
provides a measure of the central
value.
 Media
n
The median is the middle value of
a dataset when arranged in
ascending order. It is robust to
outliers and provides a measure of
the central value.
Mode
The mode is the most frequently
occurring value in a dataset. It is
useful for categorical or discrete data
and can have multiple modes.
 Application
s
Measures of central tendency are
used in various fields such as
finance, healthcare, and education
to analyze and interpret data for
informed
decision-making.
 Conclusion
Understanding measures of central tendency is essential
for interpreting data and making informed decisions. The
mean, median, and mode provide valuable insights into
the central value and distribution of a dataset.
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