Summary
The central or typical value chosen to represent a collection of values
Jots
Used in Data Analysis to identify trends, provide a comparison point, or draw quick conclusions about the overall data distribution
Common Measures for Central Tendency
There’s a bunch. See Wikipedia for a bigger list. These are just the ones I’ve seen often enough to merit entries.
Mean
- sum of all the values, divided by the number of values
- useful for quick snapshots of data
Median
- halfway between the minimum and maximum values in the data set
- less sensitive to frequently occurring values than Mean
Mode
- the most frequently occurring value in a dataset
- examine along with Mean and Median to get a more representative view of data
Related
Added to vault 2024-05-06. Updated on 2024-05-06