Statistical Measures

Statistical measures are tools that help us understand and summarize data. They include concepts like the average (mean), which shows the typical value; the median, which indicates the middle point; and the mode, the most common value. Range and standard deviation measure how spread out the data is, giving insight into variability. These tools allow us to interpret large amounts of information efficiently, identify patterns, and make informed decisions based on data insights. In essence, statistical measures translate complex data into understandable summaries and trends.