what is the importance of mean in statistics? compare it with other averages?
Answers
Answer:
uhm one of its important properties is that it minimises error in the prediction of any one value in your data set
Answer:
Mean (Arithmetic)
However, one of its important properties is that it minimises error in the prediction of any one value in your data set. That is, it is the value that produces the lowest amount of error from all other values in the data set.
Median(Arithmetic)
The median is the middle score for a set of data that has been arranged in order of magnitude. The median is less affected by outliers and skewed data.
Mode(Arithmetic)
The mode is the most frequent score in our data set. On a histogram it represents the highest bar in a bar chart or histogram. You can, therefore, sometimes consider the mode as being the most popular option.