what are the essential of a good average
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An average which possesses all or most of the following qualities (characteristics) is considered a good average: (1) It should be easy to calculate and simple to understand. (2) It should be clearly defined by a mathematical formula. (3) It should not be affected by extreme values.
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The essential of a good average is listed as follows:
- A good Average should be established on all the observations.
- A good Average should not be excessively affected by extreme value.
- Good Average should be precisely defined.
- A good Average should be easy to calculate and simple to understand.
- A good Average should be capable of further algebraic treatment.
- A good Average should be found by graphic methods.
- Good Average should not be influenced by variations of sampling.
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