Equation to determine the Average

Average

“Average” is the layperson’s way of saying arithmetic mean. It is one of the measures of central tendency and is determined by taking the sum of all the data points in the set divided by the number of data points in the set. Average is a measure of central tendency Read more…

Nominal Data

Nominal Data

Nominal data is a type of qualitative data. It contains a set of possible values that has no measurable sequence to them. For example, “favorite pet” would be nominal data set. The values might include dog, cat, snake, frog, and horse. While most people would agree that dogs rank much Read more…