whata re measures of central tendency ❓Explain any 4 objectives of measures of central tendency❓❓
Answers
Answer:
Objectives of Measuring 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 which is used for doing comparative studies.
Answer:
Objectives of Measuring 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 which is used for doing comparative studies.
Explanation:
The term measure of central tendency can be described as a single value which is used to define a set of data by classifying the central position within that set of data. That’s the reason measures of central tendency is also known as measures of central location. It is also categorised as summary statistics. Here, the mean (usually known as the average) mostly measure the central tendency which is the most common, apart from the median and the mode.
All three mean, median, and mode are the types of central tendency, however, they have different measures and conditions.
Objectives of Measuring 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 which 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