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Category: BUSINESS STATISTICS

MEDIAN

Posted on July 14, 2019 By commerceiets 2 Comments on MEDIAN
MEDIAN

WHAT IS MEDIAN ??? Median is the positional average of measures of central tendency. It is the middle value of the series.  It is the value that divides the series into two equal parts. Thus, the values less than and more than median will be equal. It is denoted by M. ACCORDING TO PROF. L…

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BUSINESS STATISTICS

ARITHMETIC MEAN

Posted on July 10, 2019 By commerceiets 2 Comments on ARITHMETIC MEAN
ARITHMETIC MEAN

ARITHMETIC MEAN Arithmetic Mean is the number which is obtained by adding the values of all the items of a series and dividing the total by the number of items. It is also known as Average. It is an important and most commonly used measure of central tendency. ACCORDING TO HORACE SACRIST “The arithmetic mean…

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BUSINESS STATISTICS

MEASURES OF CENTRAL TENDENCY IN STATISTICS

Posted on July 7, 2019 By commerceiets 1 Comment on MEASURES OF CENTRAL TENDENCY IN STATISTICS
MEASURES OF CENTRAL TENDENCY IN STATISTICS

MEASURES OF CENTRAL TENDENCY IN STATISTICS Measures of Central Tendency are the expected values of the variable or is a value in a data around which the items of the data congregate. It represents the whole set of data. The Measures of Central Tendency is also known as an ‘Average’ or ‘Measures of Location.’ ACCORDING…

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BUSINESS STATISTICS

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