Measure of Central Tendency | CA Foundation | Business Statistics | ICAI Exams | Chandan Poddar

In this Video We Will Discuss Measure of Central Tendency in Business Statistics of CA Foundation all Concepts, Examples and Problems for CA Foundation by Chandan Poddar Sir for CA Foundation Grooming Education.

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Topics Covered in this Video:-
00:00 Introduction
00:10 Types of averages
01:35 Types of arithmetic mean
02:29 Direct mean method
06:41 Assume mean method
13:34 Step deviation method
16:15 What is median
28:32 Median with the help of the diagram
36:56 Partition values
42:40 How to compute quartile, decile & percentile
01:02:23 What is the mode
01:06:27 Mode with the help of histogram
01:10:49 Properties of mean
01:21:56 Change in origin & change in scale
01:31:52 Questions of Change in origin & change in scale
01:36:41 Properties of maiden & mode

Measure of central tendency:- A measure of central tendency is a single value that attempts to describe a set of data by identifying the central position within that set of data. As such, measures of central tendency are sometimes called measures of central location. They are also classed as summary statistics. The mean (often called the average) is most likely the measure of central tendency that you are most familiar with, but there are others, such as the median and the mode.

The mean, median and mode are all valid measures of central tendency, but under different conditions, some measures of central tendency become more appropriate to use than others. In the following sections, we will look at the mean, mode and median, and learn how to calculate them and under what conditions they are most appropriate to be used.

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Видео Measure of Central Tendency | CA Foundation | Business Statistics | ICAI Exams | Chandan Poddar канала CA Foundation Grooming Education