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Central TendencyIn central tendency the large group of data is grouped into a single value for

effective business decision making.

Three common measures of central tendency are the mean, median and the mode. They are measures in that they tell how how far any given value is from the center of a set of data. For example, the mean is commonly known as the average. Lets say you have the test scores, 25%, 50% , 75% and 100% You wonder how your 50% is compared to the mean? Since the mean is 62.5, you performed "below average." So that measure of central tendency measured how far you were from average. The others do the same thing.

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Q: What are the benefits of measures of central tendency?
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Related questions

What are the benefits of measures of central tendency Explain with an example?

"What are the benefits of measures of central tendency? Explain with an example


Advantages of measures of central tendency?

Benefits of Central Tendency


Which statements accurately describes the measures of central tendency?

"Measures of central tendency are statistical measures." is an accurate statement.


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.


What are the merits and demerits of the measures of central tendency?

easures of central tendency


What is the measures of central tendency of 9?

The mean of 9 is 9. The median of 9 is 9. The mode of 9 is 9. These are the commonest measures of central tendency.


Which measures of central tendency should be used to calculate the cutoff time for the final race?

well...the measures of the central tendency would be 30 minutes


Which measures of central tendency become larger as the data is more dispersed?

None. Measures of central tendency are not significantly affected by the spread or dispersion of data.


What is the difference between the measures of central tendency and the measures of dispersion?

difference


Are measures of central tendency complement to measures of dispersion?

call thi


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 do you mean by measures of central tendency and dispersion?

Common measures of central tendency are the mean, median, mode. Common measures of dispersion are range, interquartile range, variance, standard deviation.