The only common measure in which all values plays an equal role meaning to determine its values you would need to consider all the values of any given data set
Useful when various classes or groups contribute differently to the total, found by multiplying each value by its corresponding weight and dividing by the sum of the weights
Used to determine the average percents, indexes, and relatives; to establish the average percent increase in production, sales, or other business transactions or economic series from one period of time to another
The midpoint of the data array, appropriate measure of central tendency for data that are ordinal or above, but is more valuable in an ordinal type of data