MANAGEMERNT STATISTICS
Content Unit Learning Outcomes [ULO]
Measures Of Central Location/tendency Calculate and Interpret all
Mode Measures Of central Location on
Median the basis of both raw and grouped
Mean data.
The concept of skewness and the
interpretation of the reliability of
Measures Of Central
Location/Tendency
Measures Of Dispersion Calculate and interpret Measures
Range Of Dispersion for both raw and
IQR grouped sets of data
QD
Variance
Standard Deviation
,Measures Of Central Tendency
Raw Data
X= The number of faulty ATMs at a bank over a sample of 20 days
Mode = There is no mode in this distribution.
Median = = 33.5
, ∑
Mean = = = 35.2
̅ 35
, Alternative Formula for the Mean:
∑ ∑
Mean = ̅ = =
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