Economy, asked by rounick4246, 5 hours ago

Define an average and describe it's cheif properties

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Answered by dbthakkar231979
1

Explanation:

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Answered by ravishh121
0

Answer

-An average is the sum of given observations divided by the number of observations "n". It is denoted by the letter A. An average is also known as arithmetic mean. Arithmetic mean is the central tendency of the given set of data observations.

•it's chief properties

1-Average of the given data is less than the greatest observation and greater than the smallest observation of the given data.

2-If all the observations of the given data are equal, then the average will also be the same as the observations.

3-Is zero is one of the observations of the given set of data, then that zero should also be included while calculating the average.

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