MTH 130 Modern Business Mathematics
Brigitte Martineau Section 5.1
Page 1 of 3
5.1 Measures of Central Tendency - Averages
The many meanings of the word Average –
Some examples of measures of Central tendency are:
What do they measure?
1.
X
- is the symbol for _________________________________
X
=
2. The _______________ is the value in the middle of a set or ranked data.
Ex: 2, 3, 1
Ex: 5, 8, 1, 9
3. The ______________ is the piece of data that occurs most frequently.
4. The _________________________ is the value halfway between the lowest and the
highest value in the data.
lowest value + highest value
midrange =
2 2
Min Max
+
=
