All that you need to know about Economics
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Understanding the economy as a whole
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Econometrics
The amalgamation of Economics, statistics and mathematics
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Median in Statistics
Definition The median divides a frequency distribution into two halves. The median of set of values arranged either in ascending order or descending order of their magnitude is referred as the middle value. Median is denoted by ( X- childa). Explanation Where the...
Mean and its Types in Statistics
Averages Introduction We have already learned that it is difficult to learn anything from the raw unless and until the data is arranged in proper manner. When the data have been arranged into a frequency distribution, the information contained in the data could be...
Types of Frequency Distribution
Introduction Frequency distribution table can be presented in various ways, depending upon the usage and utilization of the data. Frequency distribution is divided into several kinds also due to nature of raw data. Much useful information can be inferred from the...