Summarisation of the data is a necessary function of any statistical analysis. As a first step in this direction, the huge mass of unwieldy data are summarised in the form of tables and frequency distributions. In order to bring the characteristics of the data into sharp focus, these tables and frequency distributions need to be summarised further. A measure of central tendency or an average is very essential and an important summary measure in any statistical analysis. An average is a single value which can be taken as representative of the whole distribution.
Showing posts with label quantitative techniques for management ppt. Show all posts
Showing posts with label quantitative techniques for management ppt. Show all posts
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