CP009: Averages are Mean – Know these things before you make any more AVERAGE()s
In the 9th session of Chandoo.org podcast, lets raise above AVERAGEs. AVERAGEs are a very popular and universal way to summarize data. But do you know they are mean? Mean as in, AVERAGEs do not reveal much about your data or business. In episode 9 of Chandoo.org podcast, we tackle this problem and present solutions. In this podcast, you will learn, What is AVERAGE? Pitfalls of averages 5 statistic concepts you must understand Standard Deviation Median Quartiles Outliers Distribution of data What next?