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?

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