SlideShare ist ein Scribd-Unternehmen logo
1 von 20
DR REKHACHOUDHARY
Department of Economics
Jai NarainVyas University,Jodhpur
Rajasthan
ECONOMICS
BASIC STATISTICS
1.0 Introduction
Measures of central tendency are statistical measures which describe the position
of a distribution.
• They are also called statistics of location, and are the complement of statistics
of dispersion, which provide information concerning the variance or
distribution of observations.
• In the univariate context, the mean, median and mode are the most
commonly used measures of central tendency.
• Computable values on a distribution that discuss the behavior of the center of
a distribution.
1.1 Objectives
After going through this unit, you will be able to:
Define the term Median, Mode;
Explain the status of statistical averages;
Describe the types of statistics averages;
Describe the calculation of Median and identify the location of Mode by
different methods; and
Analyse the advantages and disadvantages of Median and Mode.
1.2 Measures of Central Tendency
The value or the figure which represents the whole series is neither the lowest
value in the series nor the highest it lies somewhere between these two
extremes.
1.The average represents all the measurements made on a group, and gives a
concise description of the group as a whole.
2.When two are more groups are measured, the central tendency provides the
basis of comparison between them.
There are five common type, namely;
 Arithmetic Mean (AM)
 Median
 Mode
 Geometric Mean (GM)
 Harmonic Mean (HM)
1.3 Types of Averages
Averages
Arithmetic
Mean (AM)
Median Mode
Geometric Mean (GM)
Harmonic Mean
(HM)
1.4 Definition Statistical average
Statistical average is such a simple and brief figure which throws light upon
the main characteristics of statistical series
Simpson and Kafka defined it as “ A measure of central tendency is a typical
value around which other figures congregate” Waugh has expressed “An
average stand for the whole group of which it forms a part yet represents the
whole”.
According to Croxton and Cowden, “An average is a single value within the
range of the data which is used to represent all the values in the series. Since an
average is somewhere with in the range of the data, it is sometimes called a
measure of central value”
1.5 Median
Median is a central value of the distribution, or the value which divides the
distribution in equal parts, each part containing equal number of items.
Thus it is the central value of the variable, when the values are arranged in
order of magnitude.
Connor has defined as “ The median is that value of the variable which
divides the group into two equal parts, one part comprising of all values
greater, and the other, all values less than median”
1.5.1 Definition
Notation M is used for Median
Notation N is used for number of items
1.5.2 Calculation of Median
1. Individual Series
1. Arrange the data in ascending or descending order. After arranging and writing serial numbers, the
following formula should be used…..
M =Size of (N + 1)th item
2
Example: 25, 15, 23, 40, 27, 25, 23, 25, 20
Arranged ascending 15, 20, 23, 23, 25, 25, 25, 47, 40 (Even Numbers)
M = Size of (N + 1)th item = Size of (9 + 1)th item = 5th item Median = 25
2 2
Example: 25, 15, 23, 40, 27, 25, 23, 25, 20, 41
Arranged ascending 15, 20, 23, 23, 25, 25, 25, 47, 40, 41 (Odd Numbers)
M =Size of (N + 1)th item = Size of (10 + 1)th item = 5.5th item = = Size of (5 + 6)th item = 25+25 =50
2 2 2 2
Median = 25
2. Discrete series :
i. Arrange the data in ascending or descending order.
ii. Calculate the cumulative frequencies.
iii. Apply the formula.
Example:
Example:
Size of item 8 10 12 14 16 18 20
Frequency 3 7 12 28 10 9 6
Median =Size of (N +1)th
item
2
Median =Size of (75 +1)th
item
2
38th item which lies in 50cf
whose value is 14
So Median = 14
Size of item Frequency Cumulative
Frequency
8 3 3
10 7 10
12 12 22
14 28 50
16 10 60
18 9 69
20 6 75
Total 75
.
3. Continuous series
For calculation of median in a continuous frequency distribution…
i Calculate the cumulative frequencies.
ii. Then ascertain central or median items applying
Median = Size of (N )th item
2
iii. The cumulative frequency in which median item is first-located, the related class-interval
iv. Apply the formula.
Median = l + i (m – c)
f
Notation l for lower limit of median class
Notation i for class –interval of median class
Notation f for frequency of median -class
Notation m for median number or N th item
2
Notation c for cumulative frequency of the class just preceding the median class
Example:
Continuous series
Marks 0-10 10-20 20-30 30-40 40-50
No of
students
8 30 40 12 10
Marks No of
students (f)
Cum. Freq.
0-10 8 8
10-20 30 38 c
(l) 20-30 40 f 78
30-40 12 90
40-50 10 100
N =100
Median =Size of (N )th item
2
M =Size of (100)th item = 50th item
2
Class (20-30)
Formula M = l + i (m-c)
f
M = 20+ 10 (50-38) = 23
40
Median =23
1.6. Advantages and Disadvantages of Median
Advantages of Median:
•Median can be calculated in all distributions.
•Median can be understood even by common people.
•Median can be ascertained even with the extreme items.
•It can be located graphically
•It is most useful dealing with qualitative data
Disadvantages of Median:
• It is not based on all the values.
• It is not capable of further mathematical treatment.
• It is affected fluctuation of sampling.
• In case of even no. of values it may not the value from the data.
1.7 Mode
• Mode is the most frequent value or score in the distribution.
• It is defined as that value of the item in a series.
• It is denoted by the capital letter Z.
• highest point of the frequencies distribution curve.
Croxton and Cowden : defined it as “the mode of a distribution is the value at
the point armed with the item tend to most heavily concentrated. It may be
regarded as the most typical of a series of value”
The exact value of mode can be obtained by the following formula.
Z=L + f1 –f0 x i
2f1 –f0-f2
1.7.1 Definition
1.7.2 Location of Mode
5, 13, 9,7, 1, 9, 2, 9 , 11
Z=L1 + f1 –f0 x i
2f1 –f0-f2
Z = 3M – 2X
(I) Individual series
• By converting individual observation in discrete variable
Example: 5, 13, 9,7, 1, 9, 2, 9 and 11 Mode
Mode : 9
• By converting individual series in continuous series
Example: When in a distribution, no value is found to be maximum point of concertation,
then the given information should be changed the maximum frequency, which will be the
model class. Thereafter, a formula is used to ascertain the modal value
• By estimating the value of Mode, with the help of Median and Mean
(II) Discrete series
Weight 48 49 50 51 52 53
No. of Students 4 10 20 11 3 2
• Inspection Method
Example: The following table gives the weight (in Kgs) of 50 students of a class. Determine the modal
weight.
Maximum frequency is 20 whose value or size is 50. As such modal weight is 50kg
• Grouping Method
When the distribution of frequencies is not regular and it is difficult to locate maximum frequency,
grouping method is adopted.
Following are the steps …..
 Column (i) the frequencies given in the questions are written
 Column (ii) frequencies are grouped in twos starting from the top
 Column (iii) frequencies are again grouped in twos, leaving the first frequency.
 Column (iv) frequencies are group in three’s from the top
 Column (v) frequencies are again grouped in three’s leaving first frequency
 Column (vi) frequencies are again grouped in three’s leaving first and second frequencies or
grouping will start from the top third frequency
In a irregular variable, such a value may be a modal value which is not the highest frequency value but
where there is more concentration in its vicinity. The process of grouping will make this point clear
(III) Continuous series
Mode for Grouped data
Class boundaries Frequency
67.5-87.5 10
87.5-107.5 13
107.5-127.5 15
127.5-147.5 9
147.5-167.5 4
𝒇 0
𝒇 1
𝒇 2
L = Lower Class Boundary of
the modal class
𝒇 0 = Preceding frequency of the
modal class
𝒇 𝟏 =Highest Frequency
𝒇 𝟐 = Following frequency of
the modal class
i = Width of class interval
𝑀𝑜𝑑𝑒 Z=L + f1 –f0 x i
2f1 –f0-f2
𝑀𝑜𝑑𝑒 Z=107.5 + 15–13 x 20
2 x15 –13-9
𝑴𝒐𝒅𝒆 = 112.5
1.8 Advantages and Disadvantages of Mode
Advantages of Mode :
• Mode is readily comprehensible and easily calculated
• It is the best representative of data
• It is not at all affected by extreme value.
• The value of mode can also be determined graphically.
• It is usually an actual value of an important part of the series.
Disadvantages of Mode :
• It is not based on all observations.
• It is not capable of further mathematical manipulation.
• Mode is affected to a great extent by sampling fluctuations.
• Choice of grouping has great influence on the value of mode.
1.9 Let us Sum up
In conclusion, a measure of central tendency is a measure that tells us where the
middle of a bunch of data lies. Median is the number present in middle when the
numbers in a set of data are arranged in ascending or descending order. If the
number of numbers in a data set is even. Then the middle numbers. Mode is the
value that occurs most frequently in set of data. You may hear about
the median salary for a country or city. When the average income for a country
is discussed, the median is most often used because it represents the middle of a
group. So, Median and Mode used in daily life also.
1.10 Unit End Questions
1. Calculate median and mode from the following data.
Income (in Rs) No. of persons
50-100 15
50-150 29
50-200 46
50-250 75
50- 300 90
2. Write the advantages and disadvantages of Median and Mode ?
1.11 Suggested Readings
Asthana H.S, and Bhushan, B.(2007) Statistics for Social Sciences (with SPSS
Applications). Prentice Hall of India
B.L.Aggrawal (2009). Basic Statistics. New Age International Publisher, Delhi.
Gupta, S.C.(1990) Fundamentals of Statistics. Himalaya Publishing House, Mumbai
Elhance, D.N: Fundamental of Statistics
Singhal, M.L: Elements of Statistics
Nagar, A.L. and Das, R.K.: Basic Statistics
Croxton Cowden: Applied General Statistics
Nagar, K.N.: Sankhyiki ke mool tatva
Gupta, BN : Sankhyiki
Balasubramanian , P., & Baladhandayutham, A. (2011).Research methodology in
library science. (pp. 164- 170). New Delhi: Deep & Deep Publications.

Weitere ähnliche Inhalte

Was ist angesagt?

Was ist angesagt? (20)

Measures of dispersion
Measures of dispersionMeasures of dispersion
Measures of dispersion
 
Range
RangeRange
Range
 
Data measurement techniques
Data measurement techniquesData measurement techniques
Data measurement techniques
 
Measures of Central Tendency
Measures of Central TendencyMeasures of Central Tendency
Measures of Central Tendency
 
Quartile Deviation
Quartile DeviationQuartile Deviation
Quartile Deviation
 
Measure of Central Tendency
Measure of Central TendencyMeasure of Central Tendency
Measure of Central Tendency
 
Measures of central tendency ppt
Measures of central tendency pptMeasures of central tendency ppt
Measures of central tendency ppt
 
Calculation of Median
Calculation of MedianCalculation of Median
Calculation of Median
 
Measures of central tendency
Measures of central tendencyMeasures of central tendency
Measures of central tendency
 
quartile deviation: An introduction
quartile deviation: An introductionquartile deviation: An introduction
quartile deviation: An introduction
 
Standard Deviation
Standard DeviationStandard Deviation
Standard Deviation
 
Measures of central tendency and dispersion
Measures of central tendency and dispersionMeasures of central tendency and dispersion
Measures of central tendency and dispersion
 
Percentile
PercentilePercentile
Percentile
 
MATRICES AND ITS TYPE
MATRICES AND ITS TYPEMATRICES AND ITS TYPE
MATRICES AND ITS TYPE
 
Measures of dispersion range qd md
Measures of dispersion range qd mdMeasures of dispersion range qd md
Measures of dispersion range qd md
 
Measures of dispersions
Measures of dispersionsMeasures of dispersions
Measures of dispersions
 
Organisation of data
Organisation of dataOrganisation of data
Organisation of data
 
Organisation of Data
Organisation of Data Organisation of Data
Organisation of Data
 
Multiple Regression Analysis (MRA)
Multiple Regression Analysis (MRA)Multiple Regression Analysis (MRA)
Multiple Regression Analysis (MRA)
 
discrete and continuous data
discrete and continuous datadiscrete and continuous data
discrete and continuous data
 

Ähnlich wie Calculating Median and Mode from Income Data

Biostatistics cource for clinical pharmacy
Biostatistics cource for clinical pharmacyBiostatistics cource for clinical pharmacy
Biostatistics cource for clinical pharmacyBatizemaryam
 
measures of central tendency.pptx
measures of central tendency.pptxmeasures of central tendency.pptx
measures of central tendency.pptxSabaIrfan11
 
measuresofcentraltendency-141113111140-conversion-gate02.pptx
measuresofcentraltendency-141113111140-conversion-gate02.pptxmeasuresofcentraltendency-141113111140-conversion-gate02.pptx
measuresofcentraltendency-141113111140-conversion-gate02.pptxIshikaRoy32
 
Measures of central tendency
Measures of central tendencyMeasures of central tendency
Measures of central tendencyAlex Chris
 
Measures of Central Tendency, Variability and Shapes
Measures of Central Tendency, Variability and ShapesMeasures of Central Tendency, Variability and Shapes
Measures of Central Tendency, Variability and ShapesScholarsPoint1
 
Measure OF Central Tendency
Measure OF Central TendencyMeasure OF Central Tendency
Measure OF Central TendencyIqrabutt038
 
QT1 - 03 - Measures of Central Tendency
QT1 - 03 - Measures of Central TendencyQT1 - 03 - Measures of Central Tendency
QT1 - 03 - Measures of Central TendencyPrithwis Mukerjee
 
QT1 - 03 - Measures of Central Tendency
QT1 - 03 - Measures of Central TendencyQT1 - 03 - Measures of Central Tendency
QT1 - 03 - Measures of Central TendencyPrithwis Mukerjee
 
Chapter 4
Chapter 4Chapter 4
Chapter 4Lem Lem
 
MEASURES OF CENTRAL TENDENCY AND MEASURES OF DISPERSION
MEASURES OF CENTRAL TENDENCY AND  MEASURES OF DISPERSION MEASURES OF CENTRAL TENDENCY AND  MEASURES OF DISPERSION
MEASURES OF CENTRAL TENDENCY AND MEASURES OF DISPERSION Tanya Singla
 
STATISTCAL MEASUREMENTS.pptx
STATISTCAL MEASUREMENTS.pptxSTATISTCAL MEASUREMENTS.pptx
STATISTCAL MEASUREMENTS.pptxShyma Jugesh
 
CABT Math 8 measures of central tendency and dispersion
CABT Math 8   measures of central tendency and dispersionCABT Math 8   measures of central tendency and dispersion
CABT Math 8 measures of central tendency and dispersionGilbert Joseph Abueg
 
LESSON-8-ANALYSIS-INTERPRETATION-AND-USE-OF-TEST-DATA.pptx
LESSON-8-ANALYSIS-INTERPRETATION-AND-USE-OF-TEST-DATA.pptxLESSON-8-ANALYSIS-INTERPRETATION-AND-USE-OF-TEST-DATA.pptx
LESSON-8-ANALYSIS-INTERPRETATION-AND-USE-OF-TEST-DATA.pptxMarjoriAnneDelosReye
 
Upload 140103034715-phpapp01 (1)
Upload 140103034715-phpapp01 (1)Upload 140103034715-phpapp01 (1)
Upload 140103034715-phpapp01 (1)captaininfantry
 
Biostatistics mean median mode unit 1.pptx
Biostatistics mean median mode unit 1.pptxBiostatistics mean median mode unit 1.pptx
Biostatistics mean median mode unit 1.pptxSailajaReddyGunnam
 
Measures of Central Tendancy
Measures of Central TendancyMeasures of Central Tendancy
Measures of Central TendancyMARIAPPANM4
 

Ähnlich wie Calculating Median and Mode from Income Data (20)

Biostatistics cource for clinical pharmacy
Biostatistics cource for clinical pharmacyBiostatistics cource for clinical pharmacy
Biostatistics cource for clinical pharmacy
 
measures of central tendency.pptx
measures of central tendency.pptxmeasures of central tendency.pptx
measures of central tendency.pptx
 
measuresofcentraltendency-141113111140-conversion-gate02.pptx
measuresofcentraltendency-141113111140-conversion-gate02.pptxmeasuresofcentraltendency-141113111140-conversion-gate02.pptx
measuresofcentraltendency-141113111140-conversion-gate02.pptx
 
Measures of central tendency
Measures of central tendencyMeasures of central tendency
Measures of central tendency
 
Measures of Central Tendency, Variability and Shapes
Measures of Central Tendency, Variability and ShapesMeasures of Central Tendency, Variability and Shapes
Measures of Central Tendency, Variability and Shapes
 
I. central tendency
I. central tendencyI. central tendency
I. central tendency
 
Q.t
Q.tQ.t
Q.t
 
BMS.ppt
BMS.pptBMS.ppt
BMS.ppt
 
Measure OF Central Tendency
Measure OF Central TendencyMeasure OF Central Tendency
Measure OF Central Tendency
 
QT1 - 03 - Measures of Central Tendency
QT1 - 03 - Measures of Central TendencyQT1 - 03 - Measures of Central Tendency
QT1 - 03 - Measures of Central Tendency
 
QT1 - 03 - Measures of Central Tendency
QT1 - 03 - Measures of Central TendencyQT1 - 03 - Measures of Central Tendency
QT1 - 03 - Measures of Central Tendency
 
Chapter 4
Chapter 4Chapter 4
Chapter 4
 
MEASURES OF CENTRAL TENDENCY AND MEASURES OF DISPERSION
MEASURES OF CENTRAL TENDENCY AND  MEASURES OF DISPERSION MEASURES OF CENTRAL TENDENCY AND  MEASURES OF DISPERSION
MEASURES OF CENTRAL TENDENCY AND MEASURES OF DISPERSION
 
STATISTCAL MEASUREMENTS.pptx
STATISTCAL MEASUREMENTS.pptxSTATISTCAL MEASUREMENTS.pptx
STATISTCAL MEASUREMENTS.pptx
 
Statistics
StatisticsStatistics
Statistics
 
CABT Math 8 measures of central tendency and dispersion
CABT Math 8   measures of central tendency and dispersionCABT Math 8   measures of central tendency and dispersion
CABT Math 8 measures of central tendency and dispersion
 
LESSON-8-ANALYSIS-INTERPRETATION-AND-USE-OF-TEST-DATA.pptx
LESSON-8-ANALYSIS-INTERPRETATION-AND-USE-OF-TEST-DATA.pptxLESSON-8-ANALYSIS-INTERPRETATION-AND-USE-OF-TEST-DATA.pptx
LESSON-8-ANALYSIS-INTERPRETATION-AND-USE-OF-TEST-DATA.pptx
 
Upload 140103034715-phpapp01 (1)
Upload 140103034715-phpapp01 (1)Upload 140103034715-phpapp01 (1)
Upload 140103034715-phpapp01 (1)
 
Biostatistics mean median mode unit 1.pptx
Biostatistics mean median mode unit 1.pptxBiostatistics mean median mode unit 1.pptx
Biostatistics mean median mode unit 1.pptx
 
Measures of Central Tendancy
Measures of Central TendancyMeasures of Central Tendancy
Measures of Central Tendancy
 

Mehr von RekhaChoudhary24

Arithmetic and geometric mean
Arithmetic and geometric meanArithmetic and geometric mean
Arithmetic and geometric meanRekhaChoudhary24
 
Simple Correlation : Karl Pearson’s Correlation co- efficient and Spearman’s ...
Simple Correlation : Karl Pearson’s Correlation co- efficient and Spearman’s ...Simple Correlation : Karl Pearson’s Correlation co- efficient and Spearman’s ...
Simple Correlation : Karl Pearson’s Correlation co- efficient and Spearman’s ...RekhaChoudhary24
 
Measures of Dispersion: Standard Deviation and Co- efficient of Variation
Measures of Dispersion: Standard Deviation and Co- efficient of Variation Measures of Dispersion: Standard Deviation and Co- efficient of Variation
Measures of Dispersion: Standard Deviation and Co- efficient of Variation RekhaChoudhary24
 
Linear, quardratic equations
Linear, quardratic equationsLinear, quardratic equations
Linear, quardratic equationsRekhaChoudhary24
 
Primary and Secondary Data
Primary and Secondary DataPrimary and Secondary Data
Primary and Secondary DataRekhaChoudhary24
 
Census and sample investigation
Census and sample investigationCensus and sample investigation
Census and sample investigationRekhaChoudhary24
 
Meaning and uses of statistics
Meaning and uses of statisticsMeaning and uses of statistics
Meaning and uses of statisticsRekhaChoudhary24
 

Mehr von RekhaChoudhary24 (11)

Arithmetic and geometric mean
Arithmetic and geometric meanArithmetic and geometric mean
Arithmetic and geometric mean
 
Index numbers
Index numbersIndex numbers
Index numbers
 
Simple linear regression
Simple linear regressionSimple linear regression
Simple linear regression
 
Simple Correlation : Karl Pearson’s Correlation co- efficient and Spearman’s ...
Simple Correlation : Karl Pearson’s Correlation co- efficient and Spearman’s ...Simple Correlation : Karl Pearson’s Correlation co- efficient and Spearman’s ...
Simple Correlation : Karl Pearson’s Correlation co- efficient and Spearman’s ...
 
Measures of Dispersion: Standard Deviation and Co- efficient of Variation
Measures of Dispersion: Standard Deviation and Co- efficient of Variation Measures of Dispersion: Standard Deviation and Co- efficient of Variation
Measures of Dispersion: Standard Deviation and Co- efficient of Variation
 
Tabulation of data
Tabulation of dataTabulation of data
Tabulation of data
 
Classification of data
Classification of dataClassification of data
Classification of data
 
Linear, quardratic equations
Linear, quardratic equationsLinear, quardratic equations
Linear, quardratic equations
 
Primary and Secondary Data
Primary and Secondary DataPrimary and Secondary Data
Primary and Secondary Data
 
Census and sample investigation
Census and sample investigationCensus and sample investigation
Census and sample investigation
 
Meaning and uses of statistics
Meaning and uses of statisticsMeaning and uses of statistics
Meaning and uses of statistics
 

Kürzlich hochgeladen

Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingTechSoup
 
Arihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfArihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfchloefrazer622
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppCeline George
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxheathfieldcps1
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Educationpboyjonauth
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdfssuser54595a
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
Separation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesSeparation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesFatimaKhan178732
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxiammrhaywood
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Celine George
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphThiyagu K
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxpboyjonauth
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxmanuelaromero2013
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactPECB
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfJayanti Pande
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application ) Sakshi Ghasle
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Sapana Sha
 

Kürzlich hochgeladen (20)

Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
Arihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfArihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdf
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website App
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Education
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Separation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesSeparation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and Actinides
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptx
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptx
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
Staff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSDStaff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSD
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application )
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
 

Calculating Median and Mode from Income Data

  • 1. DR REKHACHOUDHARY Department of Economics Jai NarainVyas University,Jodhpur Rajasthan ECONOMICS BASIC STATISTICS
  • 2. 1.0 Introduction Measures of central tendency are statistical measures which describe the position of a distribution. • They are also called statistics of location, and are the complement of statistics of dispersion, which provide information concerning the variance or distribution of observations. • In the univariate context, the mean, median and mode are the most commonly used measures of central tendency. • Computable values on a distribution that discuss the behavior of the center of a distribution.
  • 3. 1.1 Objectives After going through this unit, you will be able to: Define the term Median, Mode; Explain the status of statistical averages; Describe the types of statistics averages; Describe the calculation of Median and identify the location of Mode by different methods; and Analyse the advantages and disadvantages of Median and Mode.
  • 4. 1.2 Measures of Central Tendency The value or the figure which represents the whole series is neither the lowest value in the series nor the highest it lies somewhere between these two extremes. 1.The average represents all the measurements made on a group, and gives a concise description of the group as a whole. 2.When two are more groups are measured, the central tendency provides the basis of comparison between them.
  • 5. There are five common type, namely;  Arithmetic Mean (AM)  Median  Mode  Geometric Mean (GM)  Harmonic Mean (HM) 1.3 Types of Averages Averages Arithmetic Mean (AM) Median Mode Geometric Mean (GM) Harmonic Mean (HM)
  • 6. 1.4 Definition Statistical average Statistical average is such a simple and brief figure which throws light upon the main characteristics of statistical series Simpson and Kafka defined it as “ A measure of central tendency is a typical value around which other figures congregate” Waugh has expressed “An average stand for the whole group of which it forms a part yet represents the whole”. According to Croxton and Cowden, “An average is a single value within the range of the data which is used to represent all the values in the series. Since an average is somewhere with in the range of the data, it is sometimes called a measure of central value”
  • 7. 1.5 Median Median is a central value of the distribution, or the value which divides the distribution in equal parts, each part containing equal number of items. Thus it is the central value of the variable, when the values are arranged in order of magnitude. Connor has defined as “ The median is that value of the variable which divides the group into two equal parts, one part comprising of all values greater, and the other, all values less than median” 1.5.1 Definition
  • 8. Notation M is used for Median Notation N is used for number of items 1.5.2 Calculation of Median 1. Individual Series 1. Arrange the data in ascending or descending order. After arranging and writing serial numbers, the following formula should be used….. M =Size of (N + 1)th item 2 Example: 25, 15, 23, 40, 27, 25, 23, 25, 20 Arranged ascending 15, 20, 23, 23, 25, 25, 25, 47, 40 (Even Numbers) M = Size of (N + 1)th item = Size of (9 + 1)th item = 5th item Median = 25 2 2 Example: 25, 15, 23, 40, 27, 25, 23, 25, 20, 41 Arranged ascending 15, 20, 23, 23, 25, 25, 25, 47, 40, 41 (Odd Numbers) M =Size of (N + 1)th item = Size of (10 + 1)th item = 5.5th item = = Size of (5 + 6)th item = 25+25 =50 2 2 2 2 Median = 25
  • 9. 2. Discrete series : i. Arrange the data in ascending or descending order. ii. Calculate the cumulative frequencies. iii. Apply the formula. Example: Example: Size of item 8 10 12 14 16 18 20 Frequency 3 7 12 28 10 9 6 Median =Size of (N +1)th item 2 Median =Size of (75 +1)th item 2 38th item which lies in 50cf whose value is 14 So Median = 14 Size of item Frequency Cumulative Frequency 8 3 3 10 7 10 12 12 22 14 28 50 16 10 60 18 9 69 20 6 75 Total 75
  • 10. . 3. Continuous series For calculation of median in a continuous frequency distribution… i Calculate the cumulative frequencies. ii. Then ascertain central or median items applying Median = Size of (N )th item 2 iii. The cumulative frequency in which median item is first-located, the related class-interval iv. Apply the formula. Median = l + i (m – c) f Notation l for lower limit of median class Notation i for class –interval of median class Notation f for frequency of median -class Notation m for median number or N th item 2 Notation c for cumulative frequency of the class just preceding the median class
  • 11. Example: Continuous series Marks 0-10 10-20 20-30 30-40 40-50 No of students 8 30 40 12 10 Marks No of students (f) Cum. Freq. 0-10 8 8 10-20 30 38 c (l) 20-30 40 f 78 30-40 12 90 40-50 10 100 N =100 Median =Size of (N )th item 2 M =Size of (100)th item = 50th item 2 Class (20-30) Formula M = l + i (m-c) f M = 20+ 10 (50-38) = 23 40 Median =23
  • 12. 1.6. Advantages and Disadvantages of Median Advantages of Median: •Median can be calculated in all distributions. •Median can be understood even by common people. •Median can be ascertained even with the extreme items. •It can be located graphically •It is most useful dealing with qualitative data Disadvantages of Median: • It is not based on all the values. • It is not capable of further mathematical treatment. • It is affected fluctuation of sampling. • In case of even no. of values it may not the value from the data.
  • 13. 1.7 Mode • Mode is the most frequent value or score in the distribution. • It is defined as that value of the item in a series. • It is denoted by the capital letter Z. • highest point of the frequencies distribution curve. Croxton and Cowden : defined it as “the mode of a distribution is the value at the point armed with the item tend to most heavily concentrated. It may be regarded as the most typical of a series of value” The exact value of mode can be obtained by the following formula. Z=L + f1 –f0 x i 2f1 –f0-f2 1.7.1 Definition
  • 14. 1.7.2 Location of Mode 5, 13, 9,7, 1, 9, 2, 9 , 11 Z=L1 + f1 –f0 x i 2f1 –f0-f2 Z = 3M – 2X (I) Individual series • By converting individual observation in discrete variable Example: 5, 13, 9,7, 1, 9, 2, 9 and 11 Mode Mode : 9 • By converting individual series in continuous series Example: When in a distribution, no value is found to be maximum point of concertation, then the given information should be changed the maximum frequency, which will be the model class. Thereafter, a formula is used to ascertain the modal value • By estimating the value of Mode, with the help of Median and Mean
  • 15. (II) Discrete series Weight 48 49 50 51 52 53 No. of Students 4 10 20 11 3 2 • Inspection Method Example: The following table gives the weight (in Kgs) of 50 students of a class. Determine the modal weight. Maximum frequency is 20 whose value or size is 50. As such modal weight is 50kg • Grouping Method When the distribution of frequencies is not regular and it is difficult to locate maximum frequency, grouping method is adopted. Following are the steps …..  Column (i) the frequencies given in the questions are written  Column (ii) frequencies are grouped in twos starting from the top  Column (iii) frequencies are again grouped in twos, leaving the first frequency.  Column (iv) frequencies are group in three’s from the top  Column (v) frequencies are again grouped in three’s leaving first frequency  Column (vi) frequencies are again grouped in three’s leaving first and second frequencies or grouping will start from the top third frequency In a irregular variable, such a value may be a modal value which is not the highest frequency value but where there is more concentration in its vicinity. The process of grouping will make this point clear
  • 16. (III) Continuous series Mode for Grouped data Class boundaries Frequency 67.5-87.5 10 87.5-107.5 13 107.5-127.5 15 127.5-147.5 9 147.5-167.5 4 𝒇 0 𝒇 1 𝒇 2 L = Lower Class Boundary of the modal class 𝒇 0 = Preceding frequency of the modal class 𝒇 𝟏 =Highest Frequency 𝒇 𝟐 = Following frequency of the modal class i = Width of class interval 𝑀𝑜𝑑𝑒 Z=L + f1 –f0 x i 2f1 –f0-f2 𝑀𝑜𝑑𝑒 Z=107.5 + 15–13 x 20 2 x15 –13-9 𝑴𝒐𝒅𝒆 = 112.5
  • 17. 1.8 Advantages and Disadvantages of Mode Advantages of Mode : • Mode is readily comprehensible and easily calculated • It is the best representative of data • It is not at all affected by extreme value. • The value of mode can also be determined graphically. • It is usually an actual value of an important part of the series. Disadvantages of Mode : • It is not based on all observations. • It is not capable of further mathematical manipulation. • Mode is affected to a great extent by sampling fluctuations. • Choice of grouping has great influence on the value of mode.
  • 18. 1.9 Let us Sum up In conclusion, a measure of central tendency is a measure that tells us where the middle of a bunch of data lies. Median is the number present in middle when the numbers in a set of data are arranged in ascending or descending order. If the number of numbers in a data set is even. Then the middle numbers. Mode is the value that occurs most frequently in set of data. You may hear about the median salary for a country or city. When the average income for a country is discussed, the median is most often used because it represents the middle of a group. So, Median and Mode used in daily life also.
  • 19. 1.10 Unit End Questions 1. Calculate median and mode from the following data. Income (in Rs) No. of persons 50-100 15 50-150 29 50-200 46 50-250 75 50- 300 90 2. Write the advantages and disadvantages of Median and Mode ?
  • 20. 1.11 Suggested Readings Asthana H.S, and Bhushan, B.(2007) Statistics for Social Sciences (with SPSS Applications). Prentice Hall of India B.L.Aggrawal (2009). Basic Statistics. New Age International Publisher, Delhi. Gupta, S.C.(1990) Fundamentals of Statistics. Himalaya Publishing House, Mumbai Elhance, D.N: Fundamental of Statistics Singhal, M.L: Elements of Statistics Nagar, A.L. and Das, R.K.: Basic Statistics Croxton Cowden: Applied General Statistics Nagar, K.N.: Sankhyiki ke mool tatva Gupta, BN : Sankhyiki Balasubramanian , P., & Baladhandayutham, A. (2011).Research methodology in library science. (pp. 164- 170). New Delhi: Deep & Deep Publications.