Central tendency, Applied Statistics

Assignment Help:

Definition of Central Tendency

The central tendency of a variable means a typical value around which other values tend to concentrate which can be measured. Such concentration of the values in the central part of distribution is referred as measure of central tendency also known as averages. Thus averages are typical values around which other items of the distribution congregate. They are the   value  of a statistical series.  In the words of Yule and  Kendall,  Measure  of the location  or position of frequency  distribution  are called  averages ,According  to croxton and Cowden,   An  average  is a single  value within the range  of the data  which is used to represent all the value  in the series. Since an average  is somewhere  within the range of the data , it is sometimes  called a measure of central  value .

Similarly  A,E.Waugh  has defined  it as an average  is a single  value selected from a group of value to represent  them in some way  a value  which  is supposed to stand for whole group of which it is a part or typical  of all the value in the group.

Dr. A. L. Bowley has said statistics may right be called the science of average.

 


Related Discussions:- Central tendency

Index number, Index Number Meaning and Definitions of Index Number ...

Index Number Meaning and Definitions of Index Number The index numbers are the special type of averages which are presented in percentages and computed on certain base.

Geometric mean, Geometric Mean The geometric mean   of numbers is defin...

Geometric Mean The geometric mean   of numbers is defined as the th root of the product of numbers .It is obtained by multiplying all the values of a variable and then extracti

Artificial neural network, Normal 0 false false false E...

Normal 0 false false false EN-US X-NONE X-NONE

Calculate total surplus, When the number of farmers growing wheat in Russia...

When the number of farmers growing wheat in Russia increases, the increase in world supply lowers the world price of wheat. Draw an appropriate diagram to analyze how this chang

Its a portfolio assignment, i m doing MBA in singapore and i want a good wo...

i m doing MBA in singapore and i want a good work. i want a data for 200 observations and then answers for some questions. and i need the data to be approved by our professor first

Pattie-lynns utility function, Pattie-Lynn's utility function for total as...

Pattie-Lynn's utility function for total assets is, in which A represents total assets in thousands of dollars. (a) Graph Pattie-Lynn's utility function. How would y

Large sample test for mean, Large Sample Test for Mean A random sample ...

Large Sample Test for Mean A random sample of size n (n > 30) has a sample mean    . To test the hypothesis that the population mean μ has a specified value  μ 0  let us formu

Time series, what is the use of applied statistic in our daily routin life

what is the use of applied statistic in our daily routin life

Decision theory, 1. Definition of decision tree, 2. Feature of decision the...

1. Definition of decision tree, 2. Feature of decision theory problem

Write Your Message!

Captcha
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