1. Mean
2. Median
3. Mode
Measure of Location
A measure which is located in different place in the array is called the measure of location. Median is one kind of measure of location, because median divided whole data set with two parts.
Why important measure of location?
If you need any number in a data set which is divided the whole data set with in 1:3. It means left side of this set has 1/4 of data and right side has 3/4 data. Most frequently used measure of locations are :
1. Median :
2. Quartile:
Quartiles divide the data into four equal parts. First Quartile (Q1): The median of the lower half of the data (25% of the data is below Q1). Second Quartile (Q2): The median of the data (50% of the data is below Q2). This is the same as the median. Third Quartile (Q3): The median of the upper half of the data (75% of the data is below Q3).
3. Decile :
Deciles divide the data into ten equal parts. Each decile represents 10% of the data.
4. Percentile :
Percentiles divide the data into 100 equal parts. Each percentile represents 1% of the data.