# Archive | Central Tendency

## Central Tendency: A Close View

Meaning Central Tendency: Many problems in economics and manage­ment involve frequency distributions. In frequency distributions, one encounters certain values that occur frequently while other values less frequently. To be more specific, in many frequency distri­butions, the tabulated values show smaller frequen­cies at the beginning and at the end and larger or higher frequencies at the middle of the distribution. This [...]

By |2015-10-16T05:44:02+05:30September 15, 2015|Central Tendency|Comments Off on Central Tendency: A Close View

## How to Calculate the Mode in 2 different Series?

Definitions: Mode may be defined as the value that occurs most frequently in a statistical distribution. "The mode is the value occurring most frequently in a series of items and around which the other items are distributed most densely." —Zizek   In French language 'Mode' means 'Fashion'. Around this value, there is high concentration of the values. It is neither [...]

By |2015-08-12T04:49:10+05:30December 2, 2014|Central Tendency|Comments Off on How to Calculate the Mode in 2 different Series?

## Inter-Relation between Mean, Mode and Median

Mode is the most popular term of the series and can be located easily. But its drawbacks or demerits are too big to discard it. It cannot be further treated algebraically also. Median has also the same drawback that it cannot be treated further algebraically; and like mode, value of the whole sum of series cannot be found from its [...]

By |2015-08-12T04:49:28+05:30December 2, 2014|Central Tendency|Comments Off on Inter-Relation between Mean, Mode and Median
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