 | Business Statistics
Learning Objectives
LU 22–1: Mean, Median, and Mode- Define and calculate the mean.
- Explain and calculate a weighted mean.
- Define and calculate the median.
- Define and identify the mode.
LU 22–2: Frequency Distributions and Graphs- Prepare a frequency distribution.
- Prepare bar, line, and circle graphs.
- Calculate price relatives and cost comparisons.
LU 22–3: Measures of Dispersion (Optional Section)- Explain and calculate the range.
- Define and calculate the standard deviation.
- Estimate percentage of data by using standard deviations.
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