Chapter 3
Measures of Central Tendency
A knowledge of statistics is like a knowledge of foreign languages or of algebra; it may prove of use at any time under any circumstances.
– L. Bowley
LEARNING OBJECTIVES
Upon completion of this chapter, you will be able to:
- Understand the concept of arithmetic mean, geometric mean, harmonic mean, median, mode, quartiles, percentiles, and deciles
- Compute arithmetic mean, geometric mean, harmonic mean, median, mode, quartiles, percentiles, and deciles
- Use MS Excel, Minitab, and SPSS for computing mathematical averages, positional averages, and partitional values
STATISTICS IN ACTION: RUCHI SOYA LTD
The Indian oilseed industry is ranked fifth in the world, and its edible oil consumption represents ...
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