Economics Median – Measure of Central Tendency 11 May 2020 Median - Median is defined as the middle value of the series when arranged either in ascending or descending order. It is denoted by 'M'. M = [(N+1)/2] th item.…

Economics Statistics – Measures of Central Tendency – Geometric Mean & Harmonic Mean 8 Apr 202011 Apr 2020 Geometric Mean - Geometric Mean of a set of n observations is the nth root of their product. It is denoted by G.M. If we have two observations, then their…

Economics Statistics – Measures of Central Tendency – Arithmetic Mean 7 Apr 202011 Apr 2020 What is the Measure of Central Tendency ? Measure of Central Tendency can be defined as a single value that represents the whole set of observation of data, this single…