Concepts of mean-median-mode and standard deviation

Assignment Help Business Management
Reference no: EM133126655

Now that we know about data, we continue our journey with two fundamental descriptive statistics that help us understand fundamental things about a data set. In discussion this week, we are going to explore MEASURES of CENTER, which includes our Mean (aka Average), Median and Mode, and MEASURE of VARIABILITY, which includes Standard Deviation.

Discuss the concepts of Mean, Median, Mode, and Standard Deviation, including when each should be used, and evaluate the differences of each. How can knowing this information about data help us?

Describe an example from your own personal or professional experiences about using either Measures of Center (mean, median, or mode) or standard deviation, and discuss how knowing that information helped you.

Reference no: EM133126655

Questions Cloud

Relationship between dividend and the price of stock : What is the perceived relationship between a dividend and the price of the stock before and after the date a person must own the stock to receive the dividend?
Start immediately to formulate your recommendations : You smile while reading the message and start immediately to formulate your recommendations. Exactly what message will you send?
Think about leadership or ethical consequences : Think about leadership or the ethical consequences of their decisions, such as whether the ethics of self-interest are as valid as the ethics of altruism,
Influenced by strong charismatic personality : What would the conditions need to be for you to be influenced by a strong charismatic personality?
Concepts of mean-median-mode and standard deviation : Discuss the concepts of Mean, Median, Mode, and Standard Deviation, including when each should be used, and evaluate the differences of each.
Envisaging leadership as process centered : Envisaging leadership as a process centered on the interactions between leaders and followers (dyads) is better
Faithfulness in your work : Share a time that things have been difficult. What did you do to push through that difficult to carry out your work?
Signature themes enabled productivity : Which of your five Signature Themes enabled productivity in your work? Did you observe any specific Signature Themes in your teammates?
Components of international compensation programs : What are the main components of international compensation programs?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd