Statistical Measures: Central Tendency, Position, and Dispersion
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Understanding Key Statistical Measures
Statistical measures help us analyze and interpret data. They can be broadly categorized into measures of central tendency, position, and dispersion.
Measures of Central Tendency
Measures of central tendency describe the central value around which data are distributed. They provide a single value that represents the typical or central point of a dataset.
The Mode
Definition of Mode
The mode (represented by Mo) is the value with the highest absolute frequency in a dataset. It can be found for both qualitative and quantitative variables.
Mode Examples
To find the mode of a distribution:
- Example 1: 2, 3, 3, 4, 4, 4, 5, 5
Mo = 4 - Example 2 (Bimodal/Multimodal): If a dataset has two or more values with the same highest