STATISTICAL TECHNIQUES AND TOOLS
MEASURE OF ARITHMETIC MEAN
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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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midrange
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Detailed explanation-1: -The quantity obtained by adding the largest and smallest values and dividing by 2, statisticians call the midrange. There are times however that this is called the mean.
Detailed explanation-2: -In statistics, the range is the spread of your data from the lowest to the highest value in the distribution.
Detailed explanation-3: -from least to greatest or greatest to least; the median is the data value in the middle; if there is an even number of data values in the set, the median is the mean of the two middle values.
Detailed explanation-4: -The median divides the distribution in half (there are 50% of observations on either side of the median value). In a distribution with an odd number of observations, the median value is the middle value.