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House Prices Salaries at Accounting Firm

This document discusses measures of central tendency for different types of data. The mean is the average value calculated by adding all values and dividing by the count, and is best for data without outliers. The median is the middle value when the data is sorted, and handles outliers better than the mean. The mode is the most frequently occurring value and can be used for categorical or quantitative data.

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edniel maratas
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27 views

House Prices Salaries at Accounting Firm

This document discusses measures of central tendency for different types of data. The mean is the average value calculated by adding all values and dividing by the count, and is best for data without outliers. The median is the middle value when the data is sorted, and handles outliers better than the mean. The mode is the most frequently occurring value and can be used for categorical or quantitative data.

Uploaded by

edniel maratas
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Mean

Median
Mode

Salaries at Accounting
House Prices Firm
$297,873 $103,332
$170,143 $120,102
$109,159 $144,354
$277,309 $138,409
$239,136 $93,949
$114,460 $59,915
$224,649 $54,594
$99,857 $92,784
$144,686 $550,250
$193,308 $59,196
$144,244 $58,072
$118,492 $51,671
$178,708 $119,001
$750,022 $126,737
$143,400 $105,127
$201,661 $139,330
$1,258,963 $109,151
$198,345 $119,831
$394,136 $255,800
$2,589,657 $790,500
$96,842

Quiz Scores MODE.MULT:


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Typical Value: Add Them Up and Divided by the count. Good when there are NO outliers. Use AVERAGE Function.
Typical Value: Sort and find one in the middle. Good when there are outliers. Use MEDIAN Function.
Typical Value: Find the one that occurs most frequently. Can be used on Categorical data (COUNTIFS or PivotTable) or Quantita

Categorical Data "Typical Value" or "Measure of Central Tendency", use MODE:


AVERAGE Function.

UNTIFS or PivotTable) or Quantitative Data (MODE.SNGL or MODE.MULT).

ntral Tendency", use MODE:

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