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Basic Statistics (MEAN)
The mean ( or ) average of a set of data values is
the sum of all of the data values divided by the
number of data values.
Ungrouped data is a data that has
not been organized into groups.
Data that has been organized into groups ( into a
frequency distribution) if you see a table similar to
the one below, you will know youre dealing with
group data.
Example :
Find the mean of the grouped data in the given frequency
distribution table.
Class Interval

Frequency (f)

Midpoint (x)

Product of fx

16-20

2

18

36

11-15

5

13

65

6-10

6

8

48

1-5

9

3

27

Total =

22

176

Table 1.1 Annual Leave Days of 22 State College Employees


The mean, median and mode of a data set are collectively known
as measures of central tendency as these three measures focus on
where the data is centred or clustered. To analyse data using the
mean, median and mode, we need to use the most appropriate
measure of central tendency. The following points should be
remembered:



The mean is useful for predicting future results when there are no
extreme values in the data set. However, the impact of extreme
values on the mean may be important and should be considered.
E.g. The impact of a stock market crash on average investment
returns.
The median may be more useful than the mean when there are
extreme values in the data set as it is not affected by the extreme
values.
The mode is useful when the most common item, characteristic or
value of a data set is required.

More Related Content

Basic Statistics (MEAN)

  • 2. The mean ( or ) average of a set of data values is the sum of all of the data values divided by the number of data values.
  • 3.
  • 4. Ungrouped data is a data that has not been organized into groups.
  • 5.
  • 6.
  • 7. Data that has been organized into groups ( into a frequency distribution) if you see a table similar to the one below, you will know youre dealing with group data.
  • 8. Example : Find the mean of the grouped data in the given frequency distribution table. Class Interval Frequency (f) Midpoint (x) Product of fx 16-20 2 18 36 11-15 5 13 65 6-10 6 8 48 1-5 9 3 27 Total = 22 176 Table 1.1 Annual Leave Days of 22 State College Employees
  • 9.
  • 10. The mean, median and mode of a data set are collectively known as measures of central tendency as these three measures focus on where the data is centred or clustered. To analyse data using the mean, median and mode, we need to use the most appropriate measure of central tendency. The following points should be remembered: The mean is useful for predicting future results when there are no extreme values in the data set. However, the impact of extreme values on the mean may be important and should be considered. E.g. The impact of a stock market crash on average investment returns. The median may be more useful than the mean when there are extreme values in the data set as it is not affected by the extreme values. The mode is useful when the most common item, characteristic or value of a data set is required.