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ECON 2B03 (45)
Lecture 4

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Department
Economics
Course
ECON 2B03
Professor
Jeff Racine
Semester
Fall

Description
Lecture 4 Central Tendency Measures The Arithmetic Mean Point of Balance Beware – The Median Divides data into equal halves Odd number of observations: Median = middle observation in the ordered array The Mode The Variance (average (squared) deviation) Most common measure of dispersion Measures the typical squared deviation about the me
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