In this article we will discuss about Mode:- 1. Meaning of Mode 2. Method of Determining Mode 3. Merits 4. Demerits. Meaning of Mode: Mode is another unit of measurement of central tendency which is used to obtain a quick estimate of central tendency. Mode is defined as the particular value which appears again and again for maximum number of [...]
In this article we will discuss about Mean Deviation:- 1. Meaning of Mean Deviation 2. Computation of Mean Deviation. Meaning of Mean Deviation: Deviation refers to the difference between the calculated means (arithmetic mean, median and mode) and the value of individual data. Mean deviation is the mean of the deviations of all data of a series from the real [...]
In this article we will discuss about the meaning and co-efficient of Variance. Meaning of Variance: It is very useful measure of dispersions which is commonly used for population data. The arithmetic mean of the squares of deviations obtained from the mean is referred to as variance. It is based on standard deviation and the square of the standard deviation [...]