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BUSINESS STATISTICS





MEASURES OF CENTRAL TENDENCY
Measures 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 :
Mean
Median
Mode
ARITHMETIC MEAN
It 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 ,
where
Ex= sum of all observations.
N= number of observations.
Mean = Efd/Ef
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

  • 2. MEASURES OF CENTRAL TENDENCY Measures 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 : Mean Median Mode
  • 3. ARITHMETIC MEAN It 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 , where Ex= sum of all observations. N= number of observations. Mean = Efd/Ef