Discuss the three properties (characteristics) of data and explain some of the descriptive measures associated with...

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Discuss the three properties (characteristics) of data andexplain some of the descriptive measures associated with eachproperty.

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The three properties of data area Central Tendency of datab Dispersion of datac Correlation of dataa Central Tendency of data A measure of central tendency also referred to as measures ofcenter or central location is a summary measure that attempts todescribe a whole set of data with a single value that representsthe middle or center of its distributionThere are three main measures of central tendency meanmedian and mode Each of these measures describes adifferent indication of the typical or central value in thedistributionMean The mean is the sum of thevalue of each observation in a dataset divided by the number ofobservations This is also known as the arithmetic averageLooking at the retirement age distribution 54 54 54 55 56 57 57 58 58 60 60The mean is calculated by adding together all the values5454545556575758586060 623 and dividing by the numberof observations 11 which equals 566 yearsMedian The median is the See Answer

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