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Category: Statistics

The Difference Between Precision and Accuracy

What is the difference between PRECISION and ACCURACY? Upon first glance, many students would say that the two terms mean the same thing. In normal day-to-day usage, you would talk about how precise this is, or how accurate that is, and in both cases you would be comparing “how close” some thing is to the…

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Which Measure of Central Tendency to Use? Mode, Mean, or Median?

A concept which may need a bit more explanation is: which average is appropriate for a given question? What is the best measure of central tendency? When would you use a median instead of a mean, or perhaps use a mode instead? For any data set, you can perform the analysis to come up with…

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