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?

Ashland MultiComm Services, Suppose that in the actual survey of 50 prospec...

Suppose that in the actual survey of 50 prospective customers, 6 subscribe to the 3 for all offer, what does this tell you about the previous estimate of the proportion of customer

Pattie-lynns utility function, Pattie-Lynn's utility function for total as...

Pattie-Lynn's utility function for total assets is, in which A represents total assets in thousands of dollars. (a) Graph Pattie-Lynn's utility function. How would y

Mean and median, The amounts of money won by the top ten finishers in a fam...

The amounts of money won by the top ten finishers in a famous car race are listed below. $1,172,246    $163,659    $440,584    $350,634     $290,596 $186,731    $145,809     $143,2

Difference between correlation and regression analysis, Difference between ...

Difference between Correlation and Regression Analysis 1. Degree and Nature  of Relationship: Coefficient of correlation measures   the degree  of covariance  between two vari

#title., 1 Se toma una muestra de 81 observaciones con una desviación están...

1 Se toma una muestra de 81 observaciones con una desviación estándar de 5. La media de la muestra es de 40. Determine el intervalo de de confianza de 99% para la media

Interpolation and extrapolation, Meaning of Interpolation and Extrapolation...

Meaning of Interpolation and Extrapolation Interpolation is a method of estimating the most probable  missing figure on  the basis of given data under certain assumptions. On t

Canonical correlation analysis, Canonical correlation analysis (CC) allows ...

Canonical correlation analysis (CC) allows the investigation of the relationship between two ,sets of variables. For example, a sociologist may want to investigate the Relationship

Quantitative Models, Consider the following new business venture. An agent ...

Consider the following new business venture. An agent is considering investment in one of three real estate parcels: • Option 1: multiunit rentals • Option 2: commercial building

Confidence interval for a proportion, The quick method for a confidence int...

The quick method for a confidence interval for a proportion uses as an approximation for a 95% confidence interval.  The margin of error in this case is slightly larger tha

Standard deviation for grouped data, Grouped data  For ...

Grouped data  For grouped data, the formula applied is  σ = Where f = frequency of the variable, μ= population mea

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