CBSE 11 Statistics for Economics | 5. Measures of Central Tendency by Pavan | Learn Smarter
Students

Academic Programs

AI-powered learning for grades 8-12, aligned with major curricula

Professional

Professional Courses

Industry-relevant training in Business, Technology, and Design

Games

Interactive Games

Fun games to boost memory, math, typing, and English skills

5. Measures of Central Tendency

5. Measures of Central Tendency

The chapter focuses on measures of central tendency, which summarize a set of data into a single representative value. It covers the definitions and calculations for the arithmetic mean, median, and mode, along with different methods for calculating these measures. Through examples and exercises, the chapter emphasizes the importance of selecting the most suitable average based on the nature of the data.

30 sections

Enroll to start learning

You've not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.

Sections

Navigate through the learning materials and practice exercises.

  1. 5
    Measures Of Central Tendency

    This section introduces the measures of central tendency, explaining their...

  2. 5.1
    Introduction

    This section introduces the measures of central tendency, explaining their...

  3. 5.2
    Arithmetic Mean

    The Arithmetic Mean is defined as the sum of all observations divided by the...

  4. 5.2.1
    How Arithmetic Mean Is Calculated

    This section explains the calculation of the arithmetic mean, emphasizing...

  5. 5.2.1.1
    Arithmetic Mean For Ungrouped Data

    This section covers the concept of arithmetic mean for ungrouped data,...

  6. 5.2.1.1.1
    Direct Method

    The Direct Method for calculating the arithmetic mean involves summing all...

  7. 5.2.1.1.2
    Assumed Mean Method

    The Assumed Mean Method simplifies the calculation of the arithmetic mean...

  8. 5.2.1.1.3
    Step Deviation Method

    The Step Deviation Method simplifies the calculation of the Arithmetic Mean...

  9. 5.2.1.2
    Calculation Of Arithmetic Mean For Grouped Data

    This section discusses the calculation of arithmetic mean specifically for...

  10. 5.2.1.2.1
    Discrete Series

    This section covers the methods of calculating the arithmetic mean for...

  11. 5.2.1.2.1.1
    Direct Method

    The Direct Method allows for the calculation of the arithmetic mean of a...

  12. 5.2.1.2.1.2
    Assumed Mean Method

    The Assumed Mean Method simplifies calculations when determining the mean of...

  13. 5.2.1.2.1.3
    Step Deviation Method

    The STEP Deviation Method simplifies the computation of the arithmetic mean...

  14. 5.2.1.2.2
    Continuous Series

    This section introduces the concept of continuous series in statistics and...

  15. 5.2.1.2.2.1
    Direct Method

    The Direct Method is a statistical approach for calculating average marks...

  16. 5.2.1.2.2.2
    Step Deviation Method

    The Step Deviation Method is a technique used to calculate d' with a common factor.

  17. 5.2.1.3
    Two Interesting Properties Of A.m.

    This section highlights two key properties of the arithmetic mean (A.M.):...

  18. 5.2.1.3.1
    Weighted Arithmetic Mean

    The weighted arithmetic mean allows for different importance to be assigned...

  19. 5.3

    The median is a measure of central tendency that indicates the middle value...

  20. 5.3.1
    Computation Of Median

    This section focuses on the computation of median, explaining its...

  21. 5.3.2
    Discrete Series

    This section discusses how to find the median in a discrete series using...

  22. 5.3.3
    Continuous Series

    The section discusses how to determine the median in a continuous series by...

  23. 5.3.4

    Quartiles are statistical measures that divide a data set into four equal...

  24. 5.3.5

    Percentiles divide a distribution into hundred equal parts, providing...

  25. 5.4

    This section introduces the concept of mode, a measure of central tendency...

  26. 5.4.1
    Computation Of Mode

    This section covers the concept and computation of mode as a measure of...

  27. 5.4.1.1
    Discrete Series

    This section introduces the concept of the mode in a discrete series,...

  28. 5.4.1.2
    Continuous Series

    This section discusses the concept of mode in continuous frequency...

  29. 5.5
    Relative Position Of Arithmetic Mean, Median And Mode

    This section discusses the relative positions of the arithmetic mean,...

  30. 5.6

    This section summarizes the significance of measures of central tendency in...

What we have learnt

  • Measures of central tendency summarize data with a single representative value.
  • Arithmetic mean is defined as the sum of all observations divided by the number of observations.
  • Median is the positional value that divides the distribution into equal parts, while the mode is the most frequently occurring value.

Key Concepts

-- Arithmetic Mean
An average calculated by dividing the sum of all observations by the number of observations.
-- Median
The middle value that divides a dataset into two equal halves.
-- Mode
The value that appears most frequently in a dataset.
-- Quartiles
Values that divide the data into four equal parts.
-- Percentiles
Values that divide the data into hundred equal parts.

Additional Learning Materials

Supplementary resources to enhance your learning experience.