Measures of Locations
In this lesson, we will discuss measures of locations
We'll cover the following...
What is Descriptive Statistics?
Descriptive Statistics provide us with quantitative statistics about data. It helps us show and summarize the data in a meaningful way so that patterns start emerging out of it.
In this tutorial, we will be looking into the bells and whistles of descriptive statistics which are used extensively in the field.
Measures of Location or Central Tendency
Measures of Location also referred to as Measures of Central Tendency help us to summarize a list of numbers. The three most commonly used measures of Location are mean, median, and mode.
Mean
Mean is one of the measures of Location and is used extensively in the field. It is calculated by adding up all the values of the dataset and dividing them by the total number of values. Mean is also referred to as the expected value.
One common way it is used in the field is by replacing the missing values in a column with mean of the values present ...