BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mean
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Median
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Mode
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Discrete Variable
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Detailed explanation-1: -The mean can be calculated only for numeric variables, no matter if they are discrete or continuous. It’s obtained by simply dividing the sum of all values in a data set by the number of values. The calculation can be done from raw data or for data aggregated in a frequency table.
Detailed explanation-2: -MEAN-the sum of a set of numbers divided by the number of items in the set, also referred to as the average.
Detailed explanation-3: -The mean of a data set is the sum of the values divided by the number of values.
Detailed explanation-4: -Arithmetic mean refers to the average amount in a given group of data. It is defined as the summation of all the observation is the data which is divided by the number of observations in the data.
Detailed explanation-5: -The formula to calculate the average of given numbers is equal to the sum of all the values divided by the total number of values.