Which of the following techniques should an analyst use to analyze a data set to get a snapshot of basic measures of central tendency?

The correct answer is D. Descriptive statistics. Descriptive Statistics: This branch of statistics involves summarizing and organizing data to describe its main features. It includes calculating measures of central tendency (mean, median, mode) and measures of dispersion (range, variance, standard deviation). Descriptive statis

Data Analysis

Question

Options

AForecasting
BTrend analysis
CGap analysis
DDescriptive statistics

How the community answered

(17 responses)

A
6% (1)
B
6% (1)
D
88% (15)

Explanation

Descriptive Statistics: This branch of statistics involves summarizing and organizing data to describe its main features. It includes calculating measures of central tendency (mean, median, mode) and measures of dispersion (range, variance, standard deviation). Descriptive statistics provide a comprehensive snapshot of the dataset's characteristics.

Topics

#Descriptive statistics#Central tendency#Statistical measures

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