Question

The weighted arithmetic mean eliminates the problem of ;

Answer 1

Answer:

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Answer 2

QUESTION:-

The weighted arithmetic mean eliminates the problem of

ANSWER:-

• The weighted arithmetic mean eliminates the problem of evaluating a theoretically anticipated result .

EXPLANATION:-

• The Weighted Mean is a classification of mean that is evaluated by multiplying the weight or probability which is correlated with a specific event or result with its linked quantitative result and then adding up all the outputs together.

• The weighted mean is relatively helpful when evaluating a theoretically anticipated result where each result has a varied probability of occurrence and this is the crucial feature that differentiates the weighted mean from the arithmetic mean.

• Few assumptions need to be made while evaluating the Weighted mean. Firstly, all the probabilities or weights must be mutually limited which means that no two events can arise at the exact time and secondly, the total weights and probabilities must sum up to 100%.

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