METHODS OF DATA ANALYSIS
MEASURES OF DISPERSION
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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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Range
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Detailed explanation-1: -The median is the most informative measure of central tendency for skewed distributions or distributions with outliers. For example, the median is often used as a measure of central tendency for income distributions, which are generally highly skewed.
Detailed explanation-2: -Measures of central tendency are summary statistics that represent the center point or typical value of a dataset. Examples of these measures include the mean, median, and mode. These statistics indicate where most values in a distribution fall and are also referred to as the central location of a distribution.
Detailed explanation-3: -Three statistics that measure the center point of a set of data are mean, median and mode. Each of these measures of central tendency serves a different purpose and provides a different perspective.