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Earn +20 ptsQ: Why are the measures of central tendencies so important in statistics?
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What are the merits and demerits of measures of central tendencies?
easures of central tendency
Which is most stable in the measures of central tendencies?
It depends on what measures you are comparing between!
What are the three measures of central tendency?
The mean and median are two measures of central tendency. In introductory statistics many schools include the mode as another example of central tendency but the mode could well be at the end of a distribution.
What is the Applications of statistics in banking and finance?
statistics has nothing to do with real banking but it has scope in research and development department as in every r & d sector it uses tables and graphs and measures of central tendency to show the real result or expected one etc.
How do you find an average from the measures of central tendency?
One of the measures of central tendency IS the average, also known as mean. You can't calculate the average from other measures of central tendency.
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