Measures of Central Tendency Measures of central tendency are the specific statistical values which describe the typical values or central position of a dataset. The three most common single statistical values include Mean, Median and Mode. Arithmetic Mean : Average of all values (sum divided by count). Geometric Mean : nth root of the product of values (used for growth rates). Harmonic Mean : The Reciprocal of the average of reciprocals (used for rates like speed). Median : Middle value when data is ordered. Quartiles : Values dividing data into four equal parts (Q1=25th, Q2=50th=median, Q3=75th percentile). Mode : Most frequent value. Measures of Dispersion Range : Difference between maximum and minimum values. Quartile Deviation : Half the interquartile range (Q3 - Q1)/2. Mean Deviation : Average absolute deviation from the mean. Variance : Average squared deviation from the mean. Standard Deviation : Square root of variance (spread in original units). Coefficient of Varia...
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