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METHODOLOGY
(Business Research Methods)
Examples:
Examples:
Example:
Amount Deposited (Rs.) Frequency
Examples:
– (Arithmetic) Mean
– Median
– Mode
1 50,000,000
2 150,000,000
3 40,000,000
4 60,000,000
Total = 300,000,000
Arithmetic Mean = 300,000,000 / 4 = 75,000,000
Course Instructor: Dr. Aurangzeb Z. Khan 9
Measures of Central Tendency
(Median)
The Median is the midpoint of the distribution of values
under consideration
Salesperson Number of Sales
Calls
1 4
2 3
Median = 3
3 2
4 5
1 2 3 3 3 4 5 5
5 3
6 3
7 1
8 5
Course Instructor: Dr. Aurangzeb Z. Khan 10
Measures of Central Tendency
(Mode)
The Mode is the value that occurs most frequently in the
distribution of values under consideration
Salesperson Number of Sales
Calls
1 4
2 3
Mode = 3
3 2
4 5
5 3
6 3
7 1
8 5
Course Instructor: Dr. Aurangzeb Z. Khan 11
Measures of Dispersion
Refer again to table 17.5 on page 407 of your text book for an
example