Measures of Central Tendency

Central tendency stands for summary values in the data. It represents the central value for the whole dataset. It provides a single value instead of multiple values that are helpful to understand the system. For example, the average monthly sale is a good indicator of sales for any product.

Let's discuss the following central tendency measures.

• Mean: Mean or arithmetic average is the ratio of the sum of observations to the total number of observations. for example, the mean of 6, 3, and 9 is (6+3+9)/3 = 18/3 = 6