What are the goal of statistical analysis

Reference no: EM133239820

Question: What are the goal of statistical analysis and explain the difference between the mode, mean, and median?

A measure of central tendency is a summary statistic that represents the center point or typical value of a dataset. These measures indicate where most values in a distribution fall and are also referred to as the central location of a distribution. You can think of it as the tendency of data to cluster around a middle value. In statistics, the three most common measures of central tendency are the mean, median, and mode. Each of these measures calculates the location of the central point using a different method.

Reference no: EM133239820

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