Measures of central tendency

CA SURENDRA KUMAR RAKHECHA (Practising CA at Surat) (26263 Points)

29 July 2011  

I was referring a chapter of STATISTICS pertaining to Standard XI. It is a scoring subject but very little persons know its practical use.

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The book of my daughter remained open and she is now sleeping. 

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As I have interests in so many subjects hence I have decided to write somewhat differently on the topic of Measures of Central Tendency. 

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Generally it is believed that Mean,Median & Mode are easy to calculate. Hence nothing interesting is there except to score high marks in the subject. 

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There are so many points to consider these Mean, Median and Mode in our practical life.

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Please have a look and comment. 

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1. Mean talks about average.

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It is not pertaining to central tendency.

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General people are covered under Mean.

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It does not MEAN  that they are placed centrally. 

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2. Median  talks about value located in the MIDDLE, i.e. perfectly positioned at CENTRE.

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It is denoted by letter M. The letter M itself is perfectly placed centrally in the alphabets.

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It is 13th letter out of  26.

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3. Mode talks about REPEATED VALUE. It means it shows EXPERIENCE.

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If a particular event happens regularly in a certain MODE (style), we say it is MODE.

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Here we can't say it is AVERAGE or CENTRALLY PLACED.

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IMPORTANT : 

 

Generally it is believed that MODE is so easy to calculate.

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Since it is so easy hence it has no s(m)uch value.

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That is why very few people give importance to the experience in their own practical life.

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Whatever is clearly established; hardly few people follow.

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It can be said that they come under MEAN category of not following the experience. 

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