Statistics Simplified is the series to express statistics in layman terms.
A single value that attempts to describe a set of data by identifying the central position, within that set of data.
One point in the data set which balances the entire data set.
Central Tendency is also known as Measure of Central Location or more accessible, average.
Measures of Central Tendency
There are three measures of central tendency: Mean, Median, and Mode
The most popular measure of central tendency is Arithmetic Mean, which is also represented with the formula AVERAGE in Excel.
Depending on the data type, we use an appropriate measure of central tendency