measures of central tendency psychology definition

measures of central tendency psychology definition pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

Central tendency is a concept in statistics that refers to the central or typical value of a set of numbers. The most common measures of central tendency are the mean (average), median (middle value), and mode (most frequent value). These measures help summarize and describe a dataset, providing insights into its overall distribution. Outliers, which are extreme values, can also affect measures of central tendency. Understanding central tendency is crucial in fields like psychology and finance, including cryptocurrency analysis.

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