Question
Download Solution PDFAverage that is used to derive the central tendency:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept:
- Average -> Sum of all the observations divided by a total number of observations.
- Central tendency -> A single value that is sufficient to describe an entire data set.
Explanation:
- Average that is used to derive the central tendency -> Mean
- Mean -> Suggest the average value of a given entity in all the subjects of the sample.
- Mean -> Sum of the observations / Number of the observations.
Additional Information
- Mode: The most repeated value observed in a given data.
- Standard deviation: Determines how much the data is dispersed from its mean value.
- Median: The middle value -> When the data is organised in a chronological order.
Last updated on May 23, 2025
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