Question

Explain four characteristics of arithmetic mean.

Answer 1

Answer:

Arithmetic average or mean of series of items is obtained by adding values of the items and dividing 1 by the number of items.

Symbolically,

$\bar { X } =\frac { \Sigma X }{ N } $

The characteristics of Arithmetic Mean :

(i) Easy to compute: The calculation of arithmetic mean is very simple and easy

(ii) Easy to understand : It is very easy to understand even common man can understand it easily.

(iii) Least affected by fluctuations : Its main feature is that it is hardly affected by the changes.

(iv) Based on all the items of series : It is based on all items of series which helps in getting the proper j picture of whole data.