state any two merits of arithmetic mean
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Explanation:
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.
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Merits of arithmetic mean:
(i) It is based on all the observations.
(ii) It is easily understood.
(iii) It is easy to compute.
(iv) It is uniquely defined or it has one and only one value.
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