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BUSINESS STATISTICS
MEASURES OF CENTRAL TENDENCYMeasures of central tendency describes the average or midmost score in a  distribution of scor...
ARITHMETIC MEANIt is the sum of the values of all observations in a series divided by the number of     items consisting t...
Business statistics
Business statistics
Business statistics
Business statistics
Business statistics
Business statistics
Business statistics
Business statistics
Business statistics
Business statistics
Business statistics
Business statistics
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Business statistics

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Transcript of "Business statistics"

  1. 1. BUSINESS STATISTICS
  2. 2. MEASURES OF CENTRAL TENDENCYMeasures of central tendency describes the average or midmost score in a distribution of scores.Measures of central tendency provides a lot of important information about a distribution.There different types of measuring tools :MeanMedianMode
  3. 3. ARITHMETIC MEANIt is the sum of the values of all observations in a series divided by the number of items consisting the series and is usually denoted by X .Mean = Ex/n ,whereEx= sum of all observations.N= number of observations.Mean = Efd/Ef
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