Economy, asked by Babuprakhar5636, 3 months ago

Explain the characteristic of a good average

Answers

Answered by rosequeen78

1

Answer:An average which possesses all or most of the following qualities (characteristics) is considered a good average: (1) It should be easy to calculate and simple to understand. (2) It should be clearly defined by a mathematical formula. (3) It should not be affected by extreme values.

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Answered by tannuapte818

2

Explanation:

The following are the main features of averages:

Simplicity: ADVERTISEMENTS: ...

Representation: Average should represent the entire mass of data.

Rigidly Defined: ADVERTISEMENTS: ...

Algebraic Treatment: ...

Clear and Stable Definition: ...

Absolute Number: ...

Effect of fluctuations of Sampling: ...

Not affected by skewness:

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