Chapter 3 - Describing data: Numerical measures. When you have completed this chapter, you will be able to: Calculate the arithmetic mean, weighted mean, median, mode, and geometric mean; explain the characteristics, uses, advantages, and disadvantages of each measure of location; identify the position of the mean, median, and mode for both symmetric and skewed distributions; compute and interpret the range, mean deviation, variance, and standard deviation;. | Lecture Statistical techniques in business and economics (14/e): Chapter 3 - Lind, Marchal, Wathen