That would depend on many variables, including occupation, political or geographic region, time of year, market conditions, and so on. As you would know, if you pause to consider, the average salary for (say) a managing director varies widely across industries.
It is the measure of central tendency.
no it is a measure of dispersion.
Common measures of central tendency are the mean, median, mode. Common measures of dispersion are range, interquartile range, variance, standard deviation.
difference
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Measures of central tendency are averages. Range , the difference between the maximum and the minimum, is a measure of dispersion or variation.
None. Measures of central tendency are not significantly affected by the spread or dispersion of data.
Central tendency is used with bidmodal distribution. This measure if dispersion is similar to the median of a set of data.?æ
for answer study the handouts of STA 301 of vu.
Central tendency will only give you information on the location of the data. You also need dispersion to define the spread of the data. In addition, shape should also be part of the defining criteria of data. So, you need: location, spread & shape as best measures to define data.
Accuracy depends on what you are trying to measure.As a measure of central tendency, the range is totally useless because it is not a measure of central tendency. As a measure of spread (dispersion), it is the most accurate because it is the only one that measures spread: the other threee are totally useless.With nominal data, the median and mean are not defined and so cannot be accurate.And so on.Accuracy depends on what you are trying to measure.As a measure of central tendency, the range is totally useless because it is not a measure of central tendency. As a measure of spread (dispersion), it is the most accurate because it is the only one that measures spread: the other threee are totally useless.With nominal data, the median and mean are not defined and so cannot be accurate.And so on.Accuracy depends on what you are trying to measure.As a measure of central tendency, the range is totally useless because it is not a measure of central tendency. As a measure of spread (dispersion), it is the most accurate because it is the only one that measures spread: the other threee are totally useless.With nominal data, the median and mean are not defined and so cannot be accurate.And so on.Accuracy depends on what you are trying to measure.As a measure of central tendency, the range is totally useless because it is not a measure of central tendency. As a measure of spread (dispersion), it is the most accurate because it is the only one that measures spread: the other threee are totally useless.With nominal data, the median and mean are not defined and so cannot be accurate.And so on.
Benefits of Central Tendency