Which average is to be used to describe statistical data?, Applied Statistics

Assignment Help:

There are situations where none of the three averages is fully satisfactory. For example, if the number of items in a series is very small, none of these averages has any meaning as a measure of central tendency. Moreover, if the items are what has been called "freakishly deployed" (as when concentrated at one end), an average for the series can be found, but it is not descriptive of the series.

The data available may exclude the use of certain averages. For instance, in open-end distributions, the mean cannot be accurately found. But the median or mode can be used unless the median or modal class happens to be open-ended. In a situation of bimodality, the mode makes no sense as a measure of central tendency.

The characteristics of the averages and the demands of the problem to be solved usually determine which one is to be used. The data may call for a certain average.

In such problems as the average score on personnel tests or the average productivity rate of workers, where the values in the series are really ranks, the median is the average to use. These scores and rates are not additive, that is, they indicate not unit quantities, but rather the position of an individual with respect to other individuals. Therefore, a positional average namely the median is appropriate.

The arithmetic mean is the most commonly used and the best known of the averages, and is preferred unless precluding circumstances are present, such as extreme values at either end of the series or open-end classes, or varying class intervals, or unless we definitely wish to establish the most frequent value or some other positional average. Where further computational techniques are involved in the investigation, the mean is the average to be used.

Great care should be used in choosing an average. On occasions, it may even be advisable to work-out all three averages and present them. The added burden is preferable to the use of a single average that may be an incomplete description.

But considering all these points, the statistician, guided by the desire to present an accurate picture of the data and to command respect, is the final judge of which average is the most appropriate.


Related Discussions:- Which average is to be used to describe statistical data?

Estimation, what do we mean by critical region

what do we mean by critical region

What is the p-value, Use the information given below to find the P-value. ...

Use the information given below to find the P-value. Also, use a 0.05 significance level and state the conclusion about the null hypothesis (reject the null hypothesis or fail to

Measurement error models., how can we use measurement error method with eig...

how can we use measurement error method with eight responses variables (we do not have explanatory variable in the data )?.the data analyse 521 leaves ..

Estimation error on apparent arbitrage, This question explores the effect o...

This question explores the effect of estimation error on apparent arbitrage opportunities in a controlled simulation setting. We simulate returns for N = 10 assets over T = 30 year

Initial centroids data set, Find unlabeled data set test.txt and initial ...

Find unlabeled data set test.txt and initial centroids data set centroids.txt in the archive, both files have the following format: [attribute1_value attribute2_value ...

Good average, Examine properties of good average with reference to AM, GM, ...

Examine properties of good average with reference to AM, GM, HM, MEAN MEDIAN MODE

Probability, .1 Modern hotels and certain establishments make use of an ele...

.1 Modern hotels and certain establishments make use of an electronic door lock system. To open a door an electronic card is inserted into a slot. A green light indicates that the

Standard deviation , Standard Deviation  The concept of standard deviat...

Standard Deviation  The concept of standard deviation was first introduced by Karl Pearson in 1893. The standard deviation is the most important and the popular measure of disp

Regression lines, Regression Lines It has already been discussed that t...

Regression Lines It has already been discussed that there are two regression lines and they show mutual relationship between two variable . The regression line Yon X gives   th

Population variance, Examining the Population Variance Business decisio...

Examining the Population Variance Business decision making does not limit itself to setting up the hypothesis to test for the equality of more than two means or proportions sim

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