Chapter 5 Flashcards
calculated by summing all the values and dividing by the number of observations
Arithmetic mean
defines central tendency as the midpoint of the distribution
•the value representing the 50th percentile where half the observations have lower and half higher values
(n+1)/2
median
the most common value
mode
distributions with two modes
distributions with the modes
Bimodal
Trimodal
preferred over a standard mean for variables representing growth (e.g., caseloads, population) or compound interest rates as well as cases with extremely high or low values (outliers)
geometric mean
serves averaging rates representing some other average per unit among other variables that are the ratio of two others
harmonic mean
equal measure of distribution
symmetric distribution
distribution values to the right
positively or right skewed distribution
distribution with few extremely low values
negative or left-skewed distribution
represent the proportion of observations that fall below and above a value
percentiles
value at a given percentile
percentile rank