STATS - MODULE 3 ( Measures of Central Tendency and Dispersion )

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14 Terms

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Mode

MOST FREQUENT OBSERVATION of a variable.

It is the value that OCCURS MOST OFTEN / WITH GREATEST FREQUENCY.

  • NO MODE if equal frequency of observations.

  • UNIMODAL if there exists 1mode.

  • BIMODAL if 2

  • TRIMODAL if 3

  • MULTIMODAL if more.

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Median

It is the values that lies in the MIDDLE OF THE DATA SET when arranged in ascending or descending order of magnitudes.

  • Number of data in a distribution is ODD, there is only 1 middle value.

  • Number of data in a distribution is EVEN, there are 2 middle values which should be ( ADDED THEN DIVIDE THE SUM BY 2 )

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Arithmetic Mean

It is the AVERAGE of the given data set.

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Absolute Dispersion

MEASURES OF DISPERSION

This is used to determine the amount of variation in a data set with the SAME UNIT OF MEASUREMENT.

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Relative Dispersion

MEASURES OF DISPERSION

For comparison of variability between data sets.

  • It may BE UNITLESS OR IN TERMS OF PERCENTAGE.

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