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FS BCOM-2 (Lesson1)

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18 views8 pages

FS BCOM-2 (Lesson1)

Uploaded by

Vivek
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BCOM GE 201-18

Business Statistics
Unit-2(Measures of Central Tendency)
L1-LESSON 1

Vivek Sharma
Vivek Sharma

Unit-2( Measures of Central Tendency)

L1- Definition, Purpose and Functions of Central Tendency


Unit-2
Learning Objectives
L1 –Definition, Purpose and Functions, Characteristics of
1. Measures of Central
a Good Measure, Measures of Central Tendency Tendency

L2- Calculation of Arithmetic Mean 2. Objectives and Functions

L3- Calculation of Median 3. Characteristics

L4- Calculation of Mode


L5- Measures of Variation- Absolute and Relative
Measures
L6- Range, Quartile Deviation
L7- Mean Deviation
L8- Standard Deviation and Variation
Vivek Sharma

Unit-2( Measures of Central Tendency)


L1- LESSON 1

Central Tendency
A measures of central of tendency may be
defined as single expression of the net result of a
complex group.
A single value that is used to define a set of data
by classifying the central position within that set
of data
Vivek Sharma

L1- LESSON 1 Unit-2( Measures of Central Tendency)

Purpose of Central Tendency


To condense the data in a single value that is
representative of the whole
To facilitate comparison
It makes it easy for the researcher and the
reader to comprehend the data.
With the help of a sample, it provides us the
idea about the mean of the whole population
Vivek Sharma

L1- LESSON 1 Unit-2( Measures of Central Tendency)

Characteristics of a Good Measure


 It should be well defined so that a unique
answer can be obtained.
 It should be easy to understand, calculate and
interpret.
 It should be based on all the observations of
the data.
Vivek Sharma

L1- LESSON 1 Unit-2( Measures of Central Tendency)

Characteristics of a Good Measure


 It should be amenable for further
mathematical calculations.
 It should be least affected by the fluctuations
of the sampling.
 It should not be unduly affected by the
extreme values.
Vivek Sharma

L1- LESSON 1 Unit-2( Measures of Central Tendency)

Disadvantages of Central Tendency


 It should be amenable for further
mathematical calculations.
 It should be least affected by the fluctuations
of the sampling.
 It should not be unduly affected by the
extreme values.
Vivek Sharma

L1- LESSON 1 Unit-2( Measures of Central Tendency)

Measures of Central Tendency

oArithmetic mean
oMedian
oMode
oGeometric Mean
oHarmonic Mean

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