what are the characteristics and objectives of central tendency
Answers
Answer:
characteristics and objectives of central tendency
To present a brief picture of data: It helps in giving a brief description of the main feature of the entire data.
Essential for comparison: It helps in reducing the data to a single value that is used for doing comparative studies.
Helps in decision making: Most of the companies use measuring central tendency to plan and develop their businesses’ economy.
Formulation of policies: Many governments rely on this medium while forming any policies.
Answer:
Step-by-step explanation:
Characteristics
Mean: This is most probably the arithmetic mean or simply the average of the data points involved.
Median: If all the data points given in a particular data set were arranged in ascending or descending order, the value in the Centre is called the median.
Objective
1. To present a brief picture of data: It helps in giving a brief description of the main feature of the entire data.
2. Essential for comparison: It helps in reducing the data to a single value that is used for doing comparative studies.
3. Helps in decision making: Most of the companies use measuring central tendency to plan and develop their businesses’ economy.
4. Formulation of policies: Many governments rely on this medium while forming any policies