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Central Value Measures

One of the most important objectives of statistical analysis is to get one single value that describes the characteristic of the entire mass of unwieldy data. Such a value is called the central value or an average or the expected value of the variable. The word average is very commonly used in day-to-day conversation. For example, we often talk of average boy in a class, average height or life of an Indian, average income, etc. when we say he is an average student what it means is that he is neither very good nor very bad, just a mediocre type of student. However, in statistics the term average has a different meaning.

The word average has been defined differently:

Average is an attempt to find out one single figure to describe whole of figures.

An average is a single value selected from a group of values to represent them in some way-a value which is supposed to stand for whole group, of which it is a part, as typical of all the values in the group.

An average is a typical value in the sense that it is sometimes employed to represent all the individual values in a series or of a variable.

The average is sometimes described as a number which is typical for the whole group.

An average value is a single value within the range of the data that is used to represent all of the values in the series. Since an average is somewhere within the range of the data, it is also called a measure of central value.

Some of its main topics are:

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The word average has been defined differently:

Average is an attempt to find out one single figure to describe whole of figures.

An average is a single value selected from a group of values to represent them in some way-a value which is supposed to stand for whole group, of which it is a part, as typical of all the values in the group.

An average is a typical value in the sense that it is sometimes employed to represent all the individual values in a series or of a variable.

The average is sometimes described as a number which is typical for the whole group.

An average value is a single value within the range of the data that is used to represent all of the values in the series. Since an average is somewhere within the range of the data, it is also called a measure of central value.

Some of its main topics are:

**1.**Arithmetic mean**2.**Arithmetic mean open end classes**3.**Averaging objectives**4.**Geometric mean-continuous series**5.**Harmonic mean-continuous series**6.**Mode calculation**7.**Compound interest formula**8.**Median-discrete series**9.**Quartiles computation**10.**Harmonic mean**11.**Median-mathematical property**12.**Median**13.**Mode**14.**Averages relationship**15.**Weighted geometric mean**16.**Weighted harmonic meanCentral Value Measures Assignment Help | Homework Help Services: - Central Value Measures Assignment | Central Value Measures Assignment help | Central Value Measures Assignment Help services | Online Central Value Measures Assignment | Online Central Value Measures Assignment help | Central Value Measures Assignment Help | Central Value Measures Assignment Help | Central Value Measures Homework Help | Central Value Measures Assignment Tutor | Live Central Value Measures Assignment Help |

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Business Forecasting
Central Value Measures
Correlation Regression Analysis
Data Tabulation
Diagrammatic Graph Presentation
Dispersion Measures
Experimental Designs
F Test Variance Analysis
Index Numbers
Partial Multiple Correlation
Probability Expected Value
Sampling Designs
Skewness Moments Kurtosis
Statistical Survey
Decision Theory
Statistical Fallacies
Statistical Quality Control
Statistics What Why
Theoretical Distribution
Vital Statistics
F2 Test
Topics

Arithmetic Mean
Open-End Arithmetic Mean
Averages Relationships
Averaging Objectives
Compound Interest Formula
Continuous Geometric Mean
Harmonic Mean
Continuous Harmonic Mean
Median
Median-Discrete Series
Median Mathematical Property
Mode
Mode Calculation
Quartiles Computation
Weighted Geometric Mean
Weighted Harmonic Mean
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