Economy, asked by janvibangasgtb5c, 1 day ago

Mention diffrent types of averages and state why the arithmetic mean is the most commonly used amongst them

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Answered by rpstoolingsolutions
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Answer:

Arithmetic mean refers to the average amount in a given group of data. It is the most commonly used measure of central tendency because it includes all the observation in a given data and in comparison to other measures of central tendency, arithmetic mean has very simple application.

Answered by amankumar3239
0

Answer:

Arithmetic mean refers to the average amount in a given group of data. It is the most commonly used measure of central tendency because it includes all the observation in a given data and in comparison to other measures of central tendency, arithmetic mean has very simple application.

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