Central tendency, Applied Statistics

Assignment Help:

Definition of Central Tendency

The central tendency of a variable means a typical value around which other values tend to concentrate which can be measured. Such concentration of the values in the central part of distribution is referred as measure of central tendency also known as averages. Thus averages are typical values around which other items of the distribution congregate. They are the   value  of a statistical series.  In the words of Yule and  Kendall,  Measure  of the location  or position of frequency  distribution  are called  averages ,According  to croxton and Cowden,   An  average  is a single  value within the range  of the data  which is used to represent all the value  in the series. Since an average  is somewhere  within the range of the data , it is sometimes  called a measure of central  value .

Similarly  A,E.Waugh  has defined  it as an average  is a single  value selected from a group of value to represent  them in some way  a value  which  is supposed to stand for whole group of which it is a part or typical  of all the value in the group.

Dr. A. L. Bowley has said statistics may right be called the science of average.

 


Related Discussions:- Central tendency

Find the backward induction equilibrium, A rightist incumbent (player I) an...

A rightist incumbent (player I) and a leftist challenger (player C) run for senate. Each candidate chooses among two possible political platforms: Left or Right. The rules of the g

Rank correlation, Rank Correlation Sometimes the characteristics whose ...

Rank Correlation Sometimes the characteristics whose possible correlation is being investigated, cannot be measured but individuals can only be ranked on the basis of the chara

Test for equality of two means, Let X 1  and X 2  be two independent po...

Let X 1  and X 2  be two independent populations with population means μ 1  and  μ 2  respectively. Two samples are taken, one from each population, of sizes n 1  and n 2  re

Recitilinear motion, velocity of a particle which moves along the s-axis is...

velocity of a particle which moves along the s-axis is given by v=2-4t+5t then find position velocity,acceleration

Find a nash equilibrium, 2 bidders have identical valuations of an object f...

2 bidders have identical valuations of an object for sale. The value of the object is either 0; 50 or 100, with equal probabilities. The object is allocated to one of the bidders i

Linear programming problem, Melissa Bakery is preparing for the coming than...

Melissa Bakery is preparing for the coming thanksgiving festival. The bakery plans to bake and sell its favourite cookies; butter cookies, chocolate cookies and almond cookies. A k

Calculate the one year interest rate, A.The coupon rate of Erie-Chicago Rai...

A.The coupon rate of Erie-Chicago Rail is 7%. The interest rate of Florida municipal bond with equal risk is 6%.  At what tax rate the two bonds are as good as each other B.Supp

Lorenz curve , Lorenz Curve   It is a graphic method of measur...

Lorenz Curve   It is a graphic method of measuring dispersion. This curve was devised by Dr. Max o Lorenz a famous statistician.  He used this technique for wealth it i

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd