Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Now that we know about data, we continue our journey with two fundamental descriptive statistics that help us understand fundamental things about a data set.In
Now that we know about data, we continue our journey with two fundamental descriptive statistics that help us understand fundamental things about a data set.In discussion this week, we are going to explore MEASURES of CENTER, which includes our Mean (aka Average), Median and Mode, and MEASURE of VARIABILITY, which includes Standard Deviation.
Respond to the following in a minimum of 175 words:
- Discuss the concepts of Mean, Median, Mode, and Standard Deviation, including when each should be used, and evaluate the differences of each. How can knowing this information about data help us?
- Describe an example from your own personal or professional experiences about using either Measures of Center (mean, median, or mode) or standard deviation, and discuss how knowing that information helped you.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started