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## 6.1.1 Averages or Measures of Central Tendency or Measures of Location

According to Professor Bowley, averages are “statistical constants which enable us to comprehend in a single effort the significance of the whole”. They give us an idea about the concentration of the values in the central part of the distribution. Plainly speaking, an average of a statistical series is the value of the variable which is representative of the entire distribution. The following are the five measures of central tendency that are in common use: i) Arithmetic Mean or simply Mean Iii) Median, ii) Mode (iv) Geometric Mean, and Harmonic Mean |

Last modified: Thursday, 10 November 2011, 7:48 AM