Kurtosis
by Kurtosis is a statistical measure that defines how heavily the tails of a distribution differ …
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Geometric Mean Properties, Applications and Limitations
A geometric mean is a mean or average which shows the central tendency of a …
Harmonic Mean Characteristics, Applications and Limitations
A simple way to define a harmonic mean is to call it the reciprocal of …
Arithmetic Mean
The arithmetic mean,’ mean or average is calculated by summing all the individual observations or …
Percentiles
Percentile is in everyday use, but there is no universal definition for it. The most …
Quartile Deviation
The Quartile Deviation is a simple way to estimate the spread of a distribution about …
Median Characteristics, Applications and Limitations
The median of a set of data values is the middle value of the data …
Mode: Characteristics, Applications and Limitations
The mode is a statistical term that refers to the most frequently occurring number found …
Simple and Weighted average
Simple Averages Simple average of a set of values is determined by dividing the sum …
Measures of Central Tendency
Measures of Central Tendency or Averages have been defined differently by different statisticians. “A measure …