What is Descriptive Statistics?
Descriptive statistics involve summarizing and organizing the data so it can be easily understood. The process includes calculating measures of central tendency, dispersion, and the shape of a data distribution. ✨
Common descriptive statistics include:
- Mean: The average of all data points.
- Median: The middle value when the data points are arranged in order.
- Mode: The most frequently occurring value in the data set.
- Standard Deviation: Measurement of the amount of variation or dispersion in a set of values.
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