MGMT 1050 Study Guide - Central Tendency, Medes, Weighted Arithmetic Mean

• School: York University
• Department: Management
• Course: MGMT 1050
• Professor: all

Document Summary

3. 1 overview (the reason for measuring central tendency) Computing the mean from a frequency distribution table. Finding the precise median for a continuous variable. In the literature: reporting measures of central tendency. 3. 6 central tendency and the shape of the distribution. Learning objectives and chapter summary: students should understand the purpose of measuring central tendency. Because central tendency serves two purposes (identifying the center of the distribution and identifying the best representative score), no single measure is always best for both purposes. Therefore, there are three methods for measuring central tendency. At times, one of the three measures is sufficient but occasionally two are three are used together to obtain a complete and accurate description of the distribution (see figure 3. 1). Instructor notes chapter 3 page 32: students should be able to define and compute each of the three measures of central tendency.