Economy, asked by kparmjit3007, 7 months ago

Mention the merits and demerits of Arithmetic
mean.. also the definition of Arithmetic mean​

Answers

Answered by jeshu2004
3

Explanation:

1) Arithmetic mean rigidly defined by Algebraic Formula.

2) It is easy to calculate and simple to understand.

3) It is based on all observations of the given data.

4) It is capable of being treated mathematically hence it is widely used in statistical analysis.

5) For every kind of data mean can be calculated.

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