Lecture on Measures of Central Tendency - Assignment Point
Lecture on Measures of Central Tendency
Subject: Business Statistics | Topics:

An average is frequently referred to as a measure of central tendency or central value. This is a single value which is considered the most representative or typical value for a given set of data. It is the value around which data in the set  tend to cluster. Selection  of a measure of central tendency largely depends on the nature of data.

 

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