The document discusses various measures of central tendency used in statistics. The three most common measures are the mean, median, and mode. The mean is the sum of all values divided by the number of values and is affected by outliers. The median is the middle value when data is arranged from lowest to highest. The mode is the most frequently occurring value in a data set. Each measure has advantages and disadvantages depending on the type of data distribution. The mean is the most reliable while the mode can be undefined. In symmetrical distributions, the mean, median and mode are equal, but the mean is higher than the median for positively skewed data and lower for negatively skewed data.
The standard deviation is a measure of the spread of scores within a set of data. Usually, we are interested in the standard deviation of a population.
Measure of dispersion has two types Absolute measure and Graphical measure. There are other different types in there.
In this slide the discussed points are:
1. Dispersion & it's types
2. Definition
3. Use
4. Merits
5. Demerits
6. Formula & math
7. Graph and pictures
8. Real life application.
The standard deviation is a measure of the spread of scores within a set of data. Usually, we are interested in the standard deviation of a population.
Measure of dispersion has two types Absolute measure and Graphical measure. There are other different types in there.
In this slide the discussed points are:
1. Dispersion & it's types
2. Definition
3. Use
4. Merits
5. Demerits
6. Formula & math
7. Graph and pictures
8. Real life application.
This presentation includes an introduction to statistics, introduction to sampling methods, collection of data, classification and tabulation, frequency distribution, graphs and measures of central tendency.
It is most useful for the students of BBA for the subject of "Data Analysis and Modeling"/
It has covered the content of chapter- Data regression Model
Visit for more on www.ramkumarshah.com.np/
This presentation gives you a brief idea;
-definition of frequency distribution
- types of frequency distribution
-types of charts used in the distribution
-a problem on creating types of distribution
-advantages and limitations of the distribution
this ppt gives you adequate information about Karl Pearsonscoefficient correlation and its calculation. its the widely used to calculate a relationship between two variables. The correlation shows a specific value of the degree of a linear relationship between the X and Y variables. it is also called as The Karl Pearson‘s product-moment correlation coefficient. the value of r is alwys lies between -1 to +1. + 0.1 shows Lower degree of +ve correlation, +0.8 shows Higher degree of +ve correlation.-0.1 shows Lower degree of -ve correlation. -0.8 shows Higher degree of -ve correlation.
This presentation includes an introduction to statistics, introduction to sampling methods, collection of data, classification and tabulation, frequency distribution, graphs and measures of central tendency.
It is most useful for the students of BBA for the subject of "Data Analysis and Modeling"/
It has covered the content of chapter- Data regression Model
Visit for more on www.ramkumarshah.com.np/
This presentation gives you a brief idea;
-definition of frequency distribution
- types of frequency distribution
-types of charts used in the distribution
-a problem on creating types of distribution
-advantages and limitations of the distribution
this ppt gives you adequate information about Karl Pearsonscoefficient correlation and its calculation. its the widely used to calculate a relationship between two variables. The correlation shows a specific value of the degree of a linear relationship between the X and Y variables. it is also called as The Karl Pearson‘s product-moment correlation coefficient. the value of r is alwys lies between -1 to +1. + 0.1 shows Lower degree of +ve correlation, +0.8 shows Higher degree of +ve correlation.-0.1 shows Lower degree of -ve correlation. -0.8 shows Higher degree of -ve correlation.
Exploring Measures of Central Tendency
In this presentation, we delve into the fundamental concept of Measures of Central Tendency. These statistical tools - Mean, Median, and Mode - are at the heart of data analysis, guiding us to understand where the center of our data lies.
We explore each measure's definition and its unique role in analyzing data. Learn when to wisely apply mean, median, or mode based on your data's distribution. Discover the real-life applications that make these concepts crucial in various industries.
By grasping the significance of central tendency, you'll be better equipped to make informed decisions and draw meaningful conclusions from your data. Join the discussion and deepen your understanding of these fundamental statistical tools.
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2. Introduction:
• In statistics, a central tendency is a central value or a
typical value for a probability distribution.
•
It is occasionally called an average or just the center
of the distribution.
• The most common measures of central tendency are
the arithmetic mean, the median and the mode.
• Measures of central tendency are defined for a
population(large set of objects of a similar nature) and
for a sample (portion of the elements of a population).
3. Some Definitions
Simpson and Kafka defined it as “ A measure of central
tendency is a typical value around which other figures
gather”
Waugh has expressed “An average stand for the whole
group of which it forms a part yet represents the whole”.
In layman’s term, a measure of central tendency is an
AVERAGE. It is a single number of value which can be
considered typical in a set of data as a whole.
4. Importance Of Central Tendency
•
To find representative value
•
To make more concise data
•
To make comparisons
•
Helpful in further statistical analysis
5. Mean
• The MEAN of a set of values or measurements is the
sum of all the measurements divided by the number
of measurements in the set.
• The mean is the most popular and widely used. It is
sometimes called the arithmetic mean.
6. Mean for Ungrouped data
• If we get the mean of the sample, we call it the sample mean
and it is denoted by (read “x bar”).
• If we compute the mean of the population, we call it the
parametric or population mean, denoted by μ (read “mu”).
7. Arithmetic Mean Calculated Methods for grouped
data:
• Direct Method :
• Short cut method :
• Step deviation Method :
8. Example Of A.M:
A sample of five executives received the
following bonus last year ($000):
14.0, 15.0, 17.0, 16.0, 15.0
Solution:
9. Weighted Mean
• Weighted mean is the mean of a set of values wherein
each value or measurement has a different weight or
degree of importance. The following is its formula:
where
= mean
x = measurement or value
w = number of measurements
11. Harmonic Mean
• Harmonic mean is quotient of “number of the given values”
and “sum of the reciprocals of the given values”.
• For Ungrouped Data
• For grouped Data
12. Harmonic Mean Example
Calculate the harmonic mean of the numbers: 13.2, 14.2, 14.8, 15.2 and 16.1
Solution:
The harmonic mean is calculated as below:
AS
X
13.2
0.0758
14.2
0.0704
14.8
0.0676
15.2
0.0658
16.1
0.0621
Total
13. Example: Calculate the harmonic mean for the given below:
Marks 30-39
40-49 50-59 60-69 70-79 80-89 90-99
F
3
2
Solution: Now
We’ll find H.M as:
11
20
32
25
7
Marks
x
f
30-39
34.5
2
0.0580
40-49
44.5
3
0.0674
50-59
54.5
11
0.2018
60-69
64.5
20
0.3101
70-79
74.5
32
0.4295
80-89
84.5
25
0.2959
90-99
94.5
7
0.0741
Total
14. Geometric Mean
•
Geometric mean is a kind of average of a set of numbers that is
different from the arithmetic average.
• The geometric mean is well defined only for sets of positive real
numbers. This is calculated by multiplying all the numbers (call the
number of numbers n), and taking the nth root of the total.
• A common example of where the geometric mean is the correct
choice is when averaging growth rates.
• The geometric mean is NOT the arithmetic mean and it is NOT a
simple average.
• Mathematical definition: The nth root of the product of n numbers.
16. Question 1: Find the geometric mean of the following
values:
15, 12, 13, 19, 10
x
Log x
15
1.1761
12
1.0792
13
1.1139
19
1.2788
10
1.0000
Total
5.648
18. Median
• The MEDIAN, denoted Md, is the middle value of the sample when the
data are ranked in order according to size.
• Connor has defined as “ The median is that value of the variable which
divides the group into two equal parts, one part comprising of all values
greater, and the other, all values less than median”
• For Ungrouped data median is calculated as:
• For Grouped Data:
21. Mode
• The MODE, denoted Mo, is the value which occurs most
frequently in a set of measurements or values. In other
words, it is the most popular value in a given set.
• Croxton and Cowden : defined it as “the mode of a
distribution is the value at the point armed with the item
tend to most heavily concentrated. It may be regarded as
the most typical of a series of value”
22. Example 2: In a crash test, 11 cars were tested to determine what impact
speed was required to obtain minimal bumper damage. Find the mode of
the speeds given in miles per hour below.
24, 15, 18, 20, 18, 22, 24, 26, 18, 26, 24
Solution: Ordering the data from least to greatest, we
get:
15, 18, 18, 18, 20, 22, 24, 24, 24, 26, 26
Answer: Since both 18 and 24 occur three times,
the modes are 18 and 24 miles per hour.
24. Find the modal class and the actual mode of the
data set below
Number
Frequency
1-3
7
4-6
6
7-9
4
10 - 12
2
13 - 15
2
16 - 18
8
19 - 21
1
22 - 24
2
25 - 27
3
28 - 30
2
25.
26. Advantages of Mode :
• Mode is readily comprehensible and easily calculated
• It is the best representative of data
• It is not at all affected by extreme value.
• The value of mode can also be determined graphically.
• It is usually an actual value of an important part of the series.
27. Disadvantages of Mode :
• It is not based on all observations.
• It is not capable of further mathematical manipulation.
• Mode is affected to a great extent by sampling fluctuations.
• Choice of grouping has great influence on the value of mode.
28. Advantages of Median:
•
Median can be calculated in all distributions.
•
Median can be understood even by common people.
•
Median can be ascertained even with the extreme items.
•
It can be located graphically
•
It is most useful dealing with qualitative data
29. Disadvantages of Median:
• It is not based on all the values.
• It is not capable of further mathematical treatment.
• It is affected fluctuation of sampling.
• In case of even no. of values it may not the value from
the data.
30. Properties of mode
• It is used when you want to find the value which occurs most
often.
• It is a quick approximation of the average.
• It is an inspection average.
• It is the most unreliable among the three measures of central
tendency because its value is undefined in some
observations.
31. Properties of Mean
1.
Mean can be calculated for any set of numerical data, so it always exists.
2.
A set of numerical data has one and only one mean.
3.
Mean is the most reliable measure of central tendency since it takes into
account every item in the set of data.
4.
It is greatly affected by extreme or deviant values (outliers)
5.
It is used only if the data are interval or ratio.
32. Relations Between the Measures of Central
Tendency
• In symmetrical distributions, the
median and mean are equal
For normal distributions, mean = median =
mode
• In positively skewed distributions,
the mean is greater than the median
•
In negatively skewed
distributions, the mean is
smaller than the median
33. Conclusion
• A measure of central tendency is a measure that tells us where the
middle of a bunch of data lies.
•
Mean is the most common measure of central tendency. It is simply the
sum of the numbers divided by the number of numbers in a set of data.
This is also known as average.
• Median is the number present in the middle when the numbers in a set
of data are arranged in ascending or descending order. If the number of
numbers in a data set is even, then the median is the mean of the two
middle numbers.
•
Mode is the value that occurs most frequently in a set of data.