Measures of Central Tendency – Mean , Median & Mode - CMA Video Lectures

Measures of Central Tendency

A measure of central tendency is a solitary worth that endeavors to portray a bunch of information by distinguishing the focal situation inside that set of information. In that capacity, proportions of focal inclination are once in a while called proportions of the focal area. They are likewise classed as outline insights. The mean (regularly called the average) is in all likelihood the proportion of focal inclination that you are generally acquainted with, yet there are others, for example, the middle and the mode. The mean, median, and mode are largely legitimate proportions of focal inclination, however, under various conditions, a few proportions of focal propensity become more suitable to use than others.

 In statistics, the three most common measures of central tendency are the mean, median, and mode.

There can often be a “best” measure of central tendency with respect to the information you are investigating, yet there is nobody as the “best” proportion of focal inclination. This is on the grounds that whether you utilize the middle, mean, or mode will rely upon the sort of information you have for example, ostensible or nonstop information; regardless of whether your information has exceptions or potentially is slanted; and what you are attempting to show from your information.

 Takshila Learning provides CMA Foundation Video Lectures which you can browse an ample number of times. The CMA Foundation Online Classes and CMA Foundation Pen drive Classes offered by Takshila Learning have been made by the expert faculty covering the entire syllabus embraced by ICMAI for the CMA Foundation Exam for June & Dec Session.

For Any Query, please call - 880099980/83/84