Back to Course

SS1: ECONOMICS - 1ST TERM

0% Complete
0/0 Steps
  1. Introduction to Economics | Week 1
    3 Topics
    |
    1 Quiz
  2. Basic Concept of Economics | Week 2
    4 Topics
    |
    1 Quiz
  3. Basic Tools for Economic Analysis | Week 3
    8 Topics
    |
    1 Quiz
  4. Measure of Central Tendency | Week 4
    4 Topics
    |
    1 Quiz
  5. Theory of Demand & Supply I | Week 5
    5 Topics
    |
    1 Quiz
  6. Theory of Demand & Supply II | Week 6
    7 Topics
    |
    1 Quiz
  7. Theory of Production I | Week 7
    7 Topics
    |
    1 Quiz
  8. Theory of Production II | Week 8
    4 Topics
    |
    1 Quiz
  9. Basic Economic Problems of the Society | Week 9
    1 Topic
    |
    1 Quiz
  10. Economic System | Week 10
    4 Topics
    |
    1 Quiz
  • excellence
  • Follow

Lesson Progress
0% Complete

Topic Content:

  • Definition of Measure of Central Tendency

What is the Measure of Central Tendency:

The measure of central tendency is a single value that attempts to describe a set of data by identifying the central position within that set of data.

A measure of central tendency is a value that is typical of a data set. Any measure of central tendency is considered to be representative of a whole data set or distribution; so by itself, it provides a description or summary of the data set as a whole.

A conceptual understanding of measures of central tendency is basic to understanding many aspects of educational measurement and thus essential for inclusion in Economics.

This Lesson defines and describes the most commonly used measures of central tendency and presents some advantages and disadvantages of using each one.

The mean, median, and mode are the most commonly used measures of central tendency.

avatar
Subscribe
Notify of
guest
1 Comment
Oldest
Newest
Inline Feedbacks
View all comments
Ayomide Afolabi
2 years ago

amazing note

1
0
Would love your thoughts, please comment.x
()
x