Descriptive Statistics: Measures of Central Tendency and Measures of Dispersion

You have a data-set containing 10K data points where each data point is the house-hold income of a given area for example. But what do you with this data. The most fundamental tools that help in making sense of huge data-sets are "measures of Central Tendency" and "measure of Dispersion". They are also known as … Continue reading Descriptive Statistics: Measures of Central Tendency and Measures of Dispersion