CA Foundation Exam  >  CA Foundation Questions  >  The most commonly used measure of central ten... Start Learning for Free
The most commonly used measure of central tendency is?
Most Upvoted Answer
The most commonly used measure of central tendency is?

Measure of Central Tendency

Central tendency is a statistical measure that identifies a single value as the representative of a dataset. The most commonly used measure of central tendency is the mean.

Mean

The mean is calculated by adding up all the values in a dataset and dividing by the number of values. It is also known as the average. The formula for calculating the mean is:

Mean = (Sum of all values) / (Number of values)

The mean is widely used because it provides a single numerical value that represents the center of the data. It is sensitive to extreme values, meaning that outliers can heavily influence the mean.

One drawback of the mean is that it may not accurately represent the data if the distribution is skewed or if there are outliers present. In such cases, other measures of central tendency like the median or mode may be more appropriate.

In conclusion, the mean is the most commonly used measure of central tendency due to its simplicity and ease of calculation. However, it is important to consider the characteristics of the dataset before deciding which measure to use.
Explore Courses for CA Foundation exam
The most commonly used measure of central tendency is?
Question Description
The most commonly used measure of central tendency is? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The most commonly used measure of central tendency is? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The most commonly used measure of central tendency is?.
Solutions for The most commonly used measure of central tendency is? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of The most commonly used measure of central tendency is? defined & explained in the simplest way possible. Besides giving the explanation of The most commonly used measure of central tendency is?, a detailed solution for The most commonly used measure of central tendency is? has been provided alongside types of The most commonly used measure of central tendency is? theory, EduRev gives you an ample number of questions to practice The most commonly used measure of central tendency is? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev