In this article we will discuss about Arithmetic Mean:- 1. Meaning of Arithmetic Mean 2. Short Cut Method of Determining Arithmetic Mean 3. Merits 4. Demerits. Meaning of Arithmetic Mean: The mean is a measurement of unit most frequently used to describe a frequency distribution of same type. The arithmetic mean or average is calculated by dividing the sum (total) [...]
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 [...]