The concept of central tendency refers to the typical value in a data set, also known as its center. It's crucial in statistics because it allows us to understand the average performance or typical case in a dataset. The most common measures of central tendency are the mean, median, and mode.
- Mean is the arithmetic average, calculated by summing all the data points and dividing by the number of data points.
- Median is the middle value when all the numbers are arranged in order.
- Mode is the most frequently occurring value in the dataset.
In the given exercise, mean is used to compare two data sets, suggesting a central reference point for understanding and comparing data. However, it's important to note that while mean gives an idea of the center, it does not provide insights into the variability of the data.