Application of Mean, Median and Mode [In Real Life] [Uses in Real Life]

The video illustrates various applications of Mean, Median and Mode in real life scenarios. Though the viewer is expected to know the basic concepts of measures of central tendency like Mean, Median and Mode, these are grazed through briefly in this video. The uses of summary statistics like Mean, Median and Mode in real life are discussed using some examples from the business.
A few tips on how to use Mean, Median and Mode in your daily life chores and your household are also shared using appropriate examples.
The viewer is urged to watch the following videos from the playlist of the channel to get acquainted with certain terms and concepts used in this video.

Descriptive Statistics:
What is Descriptive Statistics ... [E...

Basic of Statistics:
Basic Concepts of Statistics

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