LECTURE 4 Flashcards
What is central tendency?
A single value representing a group of data, summarizing the dataset.
What are the two types of averages?
- Simple Averages: Mean, Median, Mode 2. Special Averages: Geometric Mean, Harmonic Mean.
What is the arithmetic mean (mean)?
The sum of all observations divided by the number of observations.
What is the formula for mean for raw data?
Mean = Sum of observations ÷ Number of observations.
What is the formula for mean for grouped data?
Mean = (Σ(f × x)) ÷ n.
What is the shortcut formula for mean?
Mean = A + (Σ(f × d)) ÷ n.
What are the merits of arithmetic mean?
- Simple to calculate 2. Rigidly defined 3. Reliable for large datasets 4. Basis for comparison.
What are the demerits of arithmetic mean?
- Sensitive to extreme values 2. Not suitable for qualitative data 3. Cannot handle open-end classes.
What is the median?
The middle value in an ordered dataset.
How is the median calculated for raw data?
- If n is odd: Median = Middle value. 2. If n is even: Median = Mean of two middle values.
How is the median calculated for grouped data?
- Find cumulative frequency. 2. Identify the median class. 3. Use the formula: Median = l + [(n/2 - m)/f] × c.
What are the merits of median?
- Not influenced by extreme values 2. Handles open-end intervals 3. Useful for incomplete data.
What are the demerits of median?
- Affected by small changes in data 2. Not suitable for advanced calculations 3. Ignores other observations.
What is the mode?
The value that occurs most frequently in a dataset.
How is mode calculated for grouped data?
- Identify the modal class. 2. Use the formula: Mode = l + [(fm - fp) / (2fm - fp - fs)] × c.
What are the merits of mode?
- Represents the most typical value 2. Useful for qualitative data 3. Simple to understand.