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Lesson 6 of 19

Measures of Central Tendency

The measures of central tendency identify what is the center of a data set. These are the most widely used tools among all the statistical measures. The most commonly used measures of central tendency include: arithmetic mean, geometric mean, weighted average mean, median and mode.

We will use the following data set to calculate all these measures:

1.5, 2.5, 3, 2.3, 4.3, 5.6, 4.2, 6.7, 5.9, 1.2, 5.4, 9.8, 8.5, 5.5, 2.9, 1.7, 8.8, 6.2, 9.5, 3.8

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Properties of a Data Set (Histogram / Frequency Polygon)

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Calculating Arithmetic Mean

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Statistical Concepts and Market Returns

19 lessons

Lessons

1
Descriptive Vs. Inferential Statistics
2
Types of Measurement Scales
3
Parameter, Sample Statistic, and Frequency Distribution
4
Relative Frequencies and Cumulative Relative Frequencies
5
Properties of a Data Set (Histogram / Frequency Polygon)
6
Measures of Central Tendency
7
Calculating Arithmetic Mean
8
Calculating Weighted Average Mean
9
Calculating Geometric Mean
10
Calculating Harmonic Mean
11
Calculating Median and Mode of a Data Set
12
Quartiles, Quintiles, Deciles, and Percentiles
13
Range and Mean Absolute Deviation
14
Variance and Standard Deviation
15
Chebyshev’s Inequality
16
Coefficient of Variation
17
Sharpe Ratio
18
Skewness and Kurtosis
19
Relative Locations of Mean, Median and Mode

Quizzes

Statistical Concepts and Market Returns
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