4.1 Central Tendency. This document is highly rated by students and has been viewed 292 times. Unit-II MEASURES OF CENTRAL TENDENCY AND DISPERSION = 1 5 +0.6021 0.7782 + 90318451 1 5 4.8098 = 0.962 = 100.962 = 9.1622 Harmonic mean: The harmonic mean is the reciprocal of the arithmetic mean of the reciprocals. There are three measures of central tendency – the mean, the median, and the mode. Lesson 1: Measures of Central Tendency, Dispersion and Association. Measures of central tendency and dispersion 1. Median Another measure of central tendency is the median, which is defined as the middle value when the numbers are arranged in increasing or decreasing order. In this chapter, you can learn • how the values of the cases on a single variable can be summarized using measures of central tendency and measures of dispersion; • how the central tendency can be described using statistics such as the mode, median, and mean; • Lecture 8: Measures of Dispersion Lecture 9: Assumptions for Measures of Central Tendency/ Measures of Dispersion Descriptive Statistics: Measures of Central Tendency and Cross - tabulation Introduction Measures of central tendency (MCT) allow us to summarize a whole group of … Dispersion is a measure of the variation of the items from central value. Measures of Dispersion class 11 Notes Economics. Points to remember. A measure of central tendency is also known as a summary statistic and it generally represents the central point of the data set. The measures of dispersion is important to compare uniformity, consistency and reliability amongst variables / series. Absolute measures of dispersion are expressed in terms of original unit of series. Central tendency is a statistical measure that defines the center of a distribution and is most typical, most representative, of the scores that comprise the distribution of the variable of interest. Also, they can be identified using a frequency distribution graph. 4 and Dispersion. In layman's terms, central tendency is nothing but 'average'. And, dispersion helps in evaluating how near or far the other values are from this average value. To categorise a data distribution we need to know about measures of central tendency and dispersion. It is important to note that the choice of which measure of central tendency (and its associated measure of dispersion) depends on the type of data and its distribution. 1.1 - Measures of Central Tendency; 1.2 - Measures of Dispersion; 1.3 - Measures of Association; 1.4 - Example: Descriptive Statistics; 1.5 - Additional Measures of Dispersion; 1.6 - Example: Generalized Variance; 1.7 - Summary; Lesson 2: Linear Combinations of Random Variables View Revision Notes - Measures of Central Tendency and Dispersion.pdf from ACCOUNTS 101 at Jai Hind College. The measures of central tendency can be found using a formula or definition. Totaling all the measures and dividing by the number of measures, you get $1,000 ÷ 5 = $200. Central Tendency . CHAPTER 15 – UNIT 1 – MEASURES OF CENTRAL TENDENCY Chapter 15 – Measures of Central Jul 20, 2020 - Measures of central tendency and dispersion Notes | EduRev is made by best teachers of . 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