Explain the properties of three measures of central tendency

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Reference no: EM133507369

Assignment: Elements of Statistics

Instructions:

Question I. Using a search engine or the virtual library database, conduct research considering the following concepts:

1. Arithmetic mean.
2. Geometric mean.
3. Weighted average.
4. Median.
5. Measures of central tendency.
6. Mode.
7. Central tendency measures for non-grouped data.
8. Central tendency measures for grouped data.

Question II. Explain the properties of the three measures of central tendency, mode, median, and mean.

Question III. Explain how the geometric mean and the arithmetic mean differ from each other and how the weighted mean differs from the arithmetic mean.

Question IV. Justify the importance of characterizing data series through central tendency measures.

Reference no: EM133507369

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