MEASURE OF CENTRAL TENDENCY, MODE, MEDIAN, ARITHMETIC MEAN, ITS TYPES WITH EXAMPLES, ADVANTAGES AND DISADVANTAGES
INTRODUCTION : · “ A measure of central tendency is a single value that attempts to describe a set of data by identifying the central position within that set of data ” . · The term central tendency dates from the late 1920s . · A central tendency can be calculated for either a finite set of values or for a theoretical distribution, such as the normal distribution . MEASURES OF CENTRAL TENDENCY : There are three measures of central tendency which are as follows : · Arithmetic mean · Median · Mode · Geometric mean v ARITHMETIC MEAN : ΓΌ “ In statistics , the arithmetic mean is the sum of a collection of numbers div...