Economy, asked by EnzoThangzawm2683, 1 year ago

Arithmetic mean is not based on all observations. (State True or False)

Answers

Answered by spacesanjeet
1
True, extreme values can affect the outcome seriously.
Answered by yattipankaj20
3

Answer:

True

Explanation:

Arithmetic mean -

It is defined as the sum of all observations in the distribution divided by the number of observations

Advantage -

It is value as always definite

It is easy to calculate and easy to understand

It is based on the observations so that it becomes a good  representatives

Disadvantage -

It is affected by extreme values

Can not be calculated if data is open end continuous interval

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