Economy, asked by atsovr, 5 months ago

state any two merits of arithmetic mean​

Answers

Answered by ItsMe099
3

Answer:

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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.

Answered by talahamiste
0

Answer:

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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