QUANTITATIVE: MEAN,MEDIAN,MODE Flashcards

1
Q

Layman’s concept of average

A

Mean

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2
Q

It is sensitive to extreme values

A

Mean

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3
Q

It is used especially when other statistical
techniques like testing of hypotheses are to be applied to the data.

A

Mean

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4
Q

The middlemost observation in a set of data arranged in numerical order

A

Median

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5
Q

It is not sensitive to extreme values

A

Median

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6
Q

It is used when distribution is markedly skewed

A

Median

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7
Q

The most frequently occurring value among the observations

A

Mode

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8
Q

Unaffected by extreme values

A

Mode

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9
Q

Not used in higher statistical analysis

A

Mode

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10
Q

Used for continuous and symmetric data

A

Mean

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11
Q

Used for ordinal data or for a numerical data whose distribution is skewed

A

Median

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12
Q

Dealing with ordinal data

A

Median

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13
Q

Used primarily for bimodal distributions

A

Mode

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14
Q

The least used of the measures of central tendency

A

Mode

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15
Q

Can only be used when dealing with nominal data

A

Mode

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16
Q

highest lowest value

A

Range

17
Q

The average of squared differences from the mean

A

Variance

18
Q

It is simply the squared value of the standard deviation

A

Variance

19
Q

Looks at how spread out a group of numbers is from the mean

A

Standard Deviation

20
Q

Square root of the variance

A

Standard deviation

21
Q

Measures variability in relation to the mean

A

Coefficient of Variations

22
Q

It is useful in comparing two series for sets of data, especially when such sets or series are expressed in different units of measurements

A

Coefficient of Variations

23
Q

Summary indices describing the “central point” or the most characteristic value of a set of measurement

A

Measures of Position/Location

24
Q

Values of random variable X that divides the observations into 100 equal parts

A

Percentile

25
Q

Values of random variable X that divides the observations into 10 equal parts

A

Decile

26
Q

Values of random variable X that divides the observation into 4 equal parts

A

Quartile