The tendency of the observations to cluster in the central part of the data set is called central tendency and the summary value as a measure of central tendency.
TYPES OF AVERAGES
MEAN
It is defined as the value obtained by dividing the sum of all the observations by their number. Formula given below
Mean=sum of all the observations / number of the observations
Or
Mean = ∑xi/n (for single set of observations)
Mean = ∑ƒx / ∑ƒ (for frequency-distributions)
Example: find the mean of the following set of numbers.(single set of observation)
146,164,157,171,167,182.
Solution
Mean=∑xi/n
Mean = (146+164+157+171+167+182)/6
Mean=6
Example:( for frequency distribution)
x | f (frequency) | f(x) multiply |
0 | 5 | 0 |
1 | 10 | 10 |
2 | 5 | 10 |
3 | 10 | 30 |
4 | 5 | 20 |
10 | 2 | 20 |
Sum: | 37 | 90 |
Step 1. Multiply ƒ(x)
Step 2. Sum ƒ, Sum ƒ(x)
Step 3:∑ƒx/∑ƒ : 90/37=2.43
ADVANTAGES OF MEAN
- It is based on all the observation in the data.
- It is easy to calculate and comprehend.
- It is determined for almost every kind of data.
- It is the best measure to compare two or more series of data.
- It is greatly affected by extreme values in the data.
- It cannot determine for the quantitative data.
- It cannot be calculated if all the values are not known.
USES
- A common man uses mean for calculating average results.
- It is extensively used in practical statistics.
- Estimates are always obtained by mean.
- Business man uses it to find the cost or profit per unit of article.
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