Measure of Central Tendency Flashcards
A discipline that deals with the structured approach of gathering, classifying, displaying, assessing, and measuring qualitative and numerical data for successful decision-making
Statistic
in this branch of stats, the goal is to describe the data
Descriptive Statistics
Descriptive Stats includes?
- Measure of Central Tendency
- Measure of Position
- Measure of Dispersion or variability
- Measure of Shape
This includes correlation and regression analysis
Inferential Statistics
Types of Data as to Matter of Presentation
- Grouped Data
- Ungrouped Data
Data organized into groups like categories or classification.
Grouped Data
A set or array of things or observation that has not undergone any classification.
Ungrouped Data
is a summary statistic that represents the center point or typical value of a dataset.
measure of central tendency
These measures indicate where most values in a distribution fall and are also referred to as the central location of a distribution.
Measure of Central Tendency
Overview of Central Tendency
Mean
Median
Mode
this is the arithmetic average
Mean
Midpoint of ranked values
Median
most frequently observed value
Mode
Mean
x̅
median
x̃