Statistics Basics: Sample Moments Calculations | Part 1 | Class 2

This video helps in clarifying the three most basic tools/ functions of statistics- Mean, Median and Mode in detail including its advantages and disadvantages and talks about how to apply these tools for different types of data sets and distributions.

This video also gives an insight on one of the most important things that you are required to know while appearing for any exam: linear interpolation, which is a method to estimate values between two known points on a line.

Timestamp
0:00 Introduction
0:38 Boxplot
1:58 Data Comparison
12:40 Sample Mean from a List
21:24 Sample Mean from a Frequency Distribution
29:30 Sample Mean from Grouped Frequency Distribution
34:41 Pros and Cons of Mean
35:47 Sample Mode from a List
37:40 Sample Mode from a Frequency Distribution
39:06 Sample Mode from Grouped Frequency Distribution
40:29 Pros and Cons of Mode
43:16 Sample Median from a List
49:38 Sample Median from a Frequency Distribution
54:22 Sample Median from Grouped Frequency Distribution
1:01:11 Linear Interpolation
1:14:19 Pros and Cons of Median

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