Descriptive Statistics - Mean, Mode, Median [IB Business Management SL/HL]

Описание: This video introduces the basics of descriptive statistics, explaining the mean, mode, and median - what they are and why they're useful. Using Roast and Vibe as a practical example, it shows how these concepts apply to real business situations and highlights their value in making informed decisions.

0:00 Introduction to Descriptive Statistics
0:46 Calculating the mean
02:19 Why is knowing the mean useful?
04:25 Calculating the mode
04:55 Why is knowing the mode useful?
06:45 Calculating the median
07:50 Why is knowing the median useful?
10:05 Mean, Mode, Median - A practical example of Roast and Vibe
16:27 Why is this information useful to Roast and Vibe?
17:39 - Understanding Descriptive Statistics Conclusion

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