What is meant by'central trndency,? Discussthe varoius methods of measuring it and point out merits and demerits of mean.
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Central tendency is a descriptive summary of a dataset through a single value that reflects the center of the data distribution. Along with the variability (dispersion) of a dataset, central tendency is a branch of descriptive statistics. The central tendency is one of the most quintessential concepts in statistics.
Merits:1. It can be easily calculated; and can be easily understood. It is the reason that it is the most used measure of central tendency.
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