Measures Of Central Tendency — Syllabus
ICSE · Class 11 · Economics
What Measures Of Central Tendency covers in ICSE Class 11 Economics: 4 topics, for the 2026-27 session. Part of the ICSE Class 11 Economics syllabus.
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Topics in Measures Of Central Tendency
1. Meaning, Objectives, and Essentials of an Ideal Average
- Central tendency is a single figure that represents the whole mass of data.
- Measures of central tendency are also called statistical averages or measures of location.
- The three most commonly used measures are mean, median, and mode.
2. Arithmetic Mean
- Arithmetic mean is the most popular and most widely used measure of central tendency.
- It is defined as the sum of values of a group of items divided by the number of items.
- Arithmetic mean can be simple or weighted.
3. Weighted Arithmetic Mean and Charlier's Check
- Weighted arithmetic mean is used when different values have different importance.
- It is greater than simple arithmetic mean when small values get less weight and large values get more weight.
- Weighted mean is used in wage-bill calculations, comparison of board or university results, standardized birth and death rates, and index numbers.
4. Median
- Median is the middle value of a series when arranged in ascending or descending order.
- It divides the series into two equal parts.
- Median is a positional average, so it is not based on all values.
Key Concepts
Central concept: Measures of central tendency are single values that represent a whole set of data in a simple way.
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