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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 603 |
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The measures of central tendency are used to yield information about the center of a data set(Black, 2001, p.38). Three measures of central tendency were used:
- Mode- the most frequent occurring number.
- Median- the middle value in an ordered array of numbers; if the array size is even, the median is the average of the two middle numbers...
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The symbols in the formula are the x-bar, which is the symbol for the sample mean, equal to the summation, represented by the capital Greek letter symbol , of all of the numbers divided by n, the sample size.
Variation describes the spread or dispersion of the data(Black, 2001, p.46). Four dispersion measures will be used:
- Range: R=H ? L
- Sample variance:
- Sample standard deviation:
- Coefficient of variation:
The measures of shape are used to describe the shape and the distribution of the data...
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