InvestorsHub Logo

ONEBGG

08/30/05 3:02 PM

#794 RE: ONEBGG #793

Why are the mean, median, and mode like a valuable piece of real estate?
LOCATION! LOCATION! LOCATION!

*All you beginning students of statistics just remember that measures of central tendency are all POINTS on the score scale as oppposed to measures of variability which are all DISTANCES on the score scale. Understand this maxim and you will always know where you are LOCATED!