11-Unit11

# For instance in a mark distribution the individual

This preview shows page 1. Sign up to view the full content.

This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: e a tendency to come to a central position or an average value. For instance, in a mark distribution, the individual students may score marks between zero and hundred. In this distribution, many students may score marks, which are near to the average marks, i.e. 50. Such a tendency of the data to concentrate to the central position of the distribution is called central tendency. Central tendency of the data is measured by statistical averages. Averages are classified into two groups. 1. Mathematical averages 2. Positional averages Statistical Averages Mathematical averages Positional averages Arithmetic mean Median Geometric mean Mode Harmonic mean Sikkim Manipal University Page No. 169 Research Methodology Unit 11 Arithmetic mean, geometric mean and harmonic mean are mathematical averages. Median and mode are positional averages. These statistical measures try to understand how individual values in a distribution concentrate to a central value like average. If the values of distribution approximately come near to the average value, we conclude that the distribution has central tendency. Arithmetic Mean Arithmetic mean is the most commonly used statistical average. It is the value obtained by dividing the sum of the item by the number of items in a series. Symbolically we say Arithmetic mean = X/n Where X N = the sum of the item = the number of items in the series. If x1 x2 x3… xn are the values of a series, then arithmetic mean of the series obtained by (x1 + x2 + x3… +xn) / n. If put (x1 + x2 + x3… +xn) = X, then arithmetic mean = X/n When frequencies are also given with the values, to calculate arithmetic mean, the values are first multiplied with the corresponding frequency. Then their sum is divided by the number of frequency. Thus in a discrete series, arithmetic mean is calculated by the following formula. Arithmetic mean = Where, fx fx/ f = sum the values multiplied by the corresponding frequency. f = sum of the frequency If x1 x2 x3… xn are the values of a series, and f1 f2 f3… fn are...
View Full Document

## This note was uploaded on 04/15/2010 for the course MBA mba taught by Professor Smu during the Spring '10 term at Manipal University.

Ask a homework question - tutors are online