Question

Of how many types is the arithmetic mean?

Answer 1

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Answer:

Mean is further divided into three kinds, which are the arithmetic mean, the geometric mean and the harmonic mean.

Answer 2

Answer:

Arithmetic Mean are of 2 types:

(i) Simple Arithmetic Mean

In simple arithmetic mean, all items of a series are taken as of equal importance.

(ii) Weighted Arithmetic Mean

In weighted arithmetic mean, different items are taken as of different importance, accordingly weights are accorded to different items depending on their relative importance.