Measures of central tendency are fundamental concepts in statistics. They provide valuable insights into the typical or central values within a dataset. As a statistical measure, central tendency summarises data distribution by identifying a representative value that best represents the entire set.
This article explores the Measures of Central Tendency concept, examining the various methods used to calculate it and its significance in statistical analysis. Understanding central tendency is essential for researchers, analysts, and decision-makers across various fields, as it enables them to gain a deeper understanding of datasets and draw meaningful conclusions from the information they containMean = (Sum of all the observations/Total number of observations)
Odd Number of Values (n=odd): Median=(𝑛+1/2)th observation
Even Number of Values (n=even):Median=(𝑛2)th observation+(𝑛2+1)th observation/2
Median=𝑙+(𝑛2−𝑐𝑓𝑓)×ℎ
Where:Mode = L + (f 1– f 0/2f 1– f 0– f 2 )*h.
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Mean = Median = Mode
Mean > Median > Mode
Mean < Median < Mode