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Mean, median, and mode are measures of central tendency with advantages and disadvantages. Mean is the average value calculated by summing all numbers and dividing by total count. Median is the middle number when values are sorted. Mode is the most frequently occurring value. Each measure is useful depending on the dataset and its distribution.

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27 views2 pages

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Mean, median, and mode are measures of central tendency with advantages and disadvantages. Mean is the average value calculated by summing all numbers and dividing by total count. Median is the middle number when values are sorted. Mode is the most frequently occurring value. Each measure is useful depending on the dataset and its distribution.

Uploaded by

sssmitali53
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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27.

Discuss the limitations of mean, median and mode,

Mean, median, and mode are three common measures of central tendency used in
statistics. The mean is the arithmetic average of a set of numbers, calculated by adding
all the values together and dividing by the number of values. The median is the middle
value in a set of numbers, or the average of the two middle values if there is an even
number of values. The mode is the most frequently occurring value in a set. Each of these
measures has its own advantages and disadvantages, depending on the data set being
analyzed.

Read on to explore the advantages and disadvantages of these. But before that let's
understand the fundamentals of mean, median, and mode.

Mean

Mean is one of the most widely used statistical measures of central tendency. It describes the
average value of a given set of numbers. It is calculated by summing up all the numbers and
then dividing them by the total count of numbers in the set. Mean is an important measure in
statistics because it indicates the central location of the data set.

This measure is particularly useful for comparing different data sets, such as average
salaries or profits over several years. Additionally, the Mean is a common basis for
other measures of central tendencies, such as median, mode, and range. Mean is easy
to calculate and can be easily represented in some graphs.

Median

The median is the middle number in a set of numbers sorted from smallest to largest or
from largest to smallest. It is the average of the two numbers in the middle if there is an
even number in the set. The median is used as an alternative for the Mean (or average)
when the numbers contain outliers that can significantly increase or decrease the
average, skewing the results.

To find the median of a set of numbers, one must first organize the data set into
numerical order, meaning the numbers are in smallest to largest or largest to smallest
order. Once the data is in this order, it is easy to determine the median. If the set is an
odd number, then the middle number is your median. If the set is an even number, you
must find the two middle numbers and average them together to get your median.

Mode

Mode is a term used in mathematics to describe the most common value in a data set.
It is one of the measures of central tendency and provides valuable information about
the data.
Mode is useful in many applications of mathematics, including descriptive statistics,
regression analysis, and forecasting. While there may be better measures in some
situations, it can give an insight into the data that may be missed when looking at the
Mean or median. The mode of a data set is simply the value that appears most often.
For example, if we have the following numbers: 2, 3, 4, 4, 5, 5, 6, 6, 6, 7, 8. The mode
would be six since it appears more times than any other value. The mode can also be
found for non-numeric data, such as categories.

It can provide a quick idea of data distribution or how the data are clustered around
certain values. For example, the mode of a set of height measurements is 6 feet; we can
infer that most of the heights are around that value. The mode can also be used to find
outliers in a data set. If a value appears significantly more or less than the other values,
it can be considered an outlier. This can be useful in identifying anomalies in a set that
may need further investigation. Mode is a simple but powerful tool for understanding
data. It can provide insights that may need to be noticed when looking at the Mean or
median and can be a useful first step in data analysis.

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