A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Step 1 Introduction:
Mean: Mean is defined as the ratio of sum of all observations to the total number of all observations and it is given by
where = sum of all observations
and n = total number of all observations.
- Mean is most affected by the extreme outliers.
Median: Median is exactly middle value of the data.
Before going to find the Median arrange the in the Ascending Order.
Case (i) : If the data set is odd numbered, then Median is exactly the middle value.
Case (ii) : If the data set is even numbered, then Median is the average of the two middle values.
- Median is least affected by the extreme values.
Mode: Mode is the most frequently repeated value in the data set.
- Mode is least affected by the extreme values.
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