What are measures of central tendency: How to calculate it in Excel?

What are measures of central tendency?

measure of central tendency is a single value that attempts to describe a set of data by identifying the central position within that set of data. These measures indicate where most values in a distribution fall and are also referred to as the central location of a distribution.

The three most commonly used measures of central tendency are mean, median, and mode. Each of these methods calculates the location of the central point by using a different method. Choosing the best measure of central tendency depends on the data we have.

Let us understand how to measure/calculate these central tendencies and how to determine which one is best for our data.

Mean/Average: Mean … Continue Reading