Mean, Median & Standard Deviation Measures of Central Tenden
Measures of Central Tendency and Dispersion in Data Analysis In data analysis, understanding your dataset is the first step toward making meaningful decisions. Two important concepts every analyst must know are measures of central tendency and measures of dispersion . These statistical tools help summarize data and understand how values are distributed. Whether you’re learning through google data analytics courses or practicing on real datasets, mastering these basics is essential. Measures of Central Tendency Measures of central tendency describe the central or typical value in a dataset. 1. Mean (Average) The mean is the average of all values. Formula: Mean = (Sum of all values) / (Total number of values) Example: Data: 10, 20, 30 Mean = (10 + 20 + 30) / 3 = 20 Easy to calculate Sensitive to outliers 2. Median The median is the middle value when data is arranged in order. How to find the median: Arrange data in a...