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Business Statistics, Second Edition
book

Business Statistics, Second Edition

by J. K. Sharma
November 2006
Intermediate to advanced content levelIntermediate to advanced
744 pages
29h 18m
English
Pearson India
Content preview from Business Statistics, Second Edition

Chapter 3

Measures of Central Tendency

LEARNING OBJECTIVES

After studying this chapter, you should be able to

  • understand the role of descriptive statistics in summarization, description and interpretation of the data.

  • understand the importance of summary measures to describe characteristics of a data set.

  • use several numerical methods belonging to measures of central tendency to describe the characteristics of a data set.

We can easily represent things as we wish them to be…

—Aesop

If at first you do not succeed, you are just about average.

—Bill Cosby

3.1 INTRODUCTION

In Chapter 2, we discussed how raw data can be organized in terms of tables, charts, and frequency distributions in order to be easily understood and analysed. Although ...

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Publisher Resources

ISBN: 9789332503434