The concepts of Mean, Median, Mode, and Standard Deviation

Discuss the concepts of Mean, Median, Mode, and Standard Deviation, including when each should be used, and evaluate the differences of each. How can knowing this information about data help us?
Describe an example from your own personal or professional experiences about using either Measures of Center (mean, median, or mode) or standard deviation, and discuss how knowing that information helped you.
2. Probability is about mathematically determining how likely an event is to happen. Probability can be applied to many different aspects of our lives and help us make informed decisions.

 

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