Statistics: Mean
Hello friends,
I am going to start a new series of statistics. This is the first part of this series & it includes Calculation of Mean using various methods:
I am going to start a new series of statistics. This is the first part of this series & it includes Calculation of Mean using various methods:
- Direct Method
- Assumed Mean Method
- Step Deviation Method
As you all know, There are three measures of central tendencies, namely-Mean, Median, & Mode, which tries to describe the entire set of data.
Mean: Mean is defined as the sum of all observations divided by Number of observations in a set.
Mean: Mean is defined as the sum of all observations divided by Number of observations in a set.
For grouped data, we use class intervals to represent the data.
A class Interval consist of two values: Upper Limit & Lower Limit
1. Direct Method:
A class Interval consist of two values: Upper Limit & Lower Limit
Calculation of Class Mark: Class Mark of a class interval can be calculated by dividing the sum of upper limit & lower limit by 2.
2. Assumed Mean Method:
3. Step Deviation Method:
Solved Numericals finding the mean using all the three methods in the lecture below:
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