Discuss the considerations that determine the selection of a suitable average. Explain
by giving one example of each case.
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The average is a simple term with several meanings. The type of average to use depends on whether you’re adding, multiplying, grouping or dividing work among the items in your set.
Quick quiz: You drove to work at 30 mph, and drove back at 60 mph. What was your average speed?
Hint: It’s not 45 mph, and it doesn’t matter how far your commute is. Read on to understand the many uses of this statistical tool.
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