central tendency

central tendency definition - business

central tendency

In statistics, the center or middle of a distribution as measured by the mean, median, and mode. For example, a study might find the majority of grocery retailers earn between 2% and 3% on sales.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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