Economy, asked by empiersamratsaha, 6 months ago

what are the essential of a good average​

Answers

Answered by Anonymous
20

Answer:

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.

Answered by qwwestham
5

The essential of a good average is listed as follows:

  1. A good Average should be established on all the observations.
  2. A good Average should not be excessively affected by extreme value.
  3. Good Average should be precisely defined.
  4. A good Average should be easy to calculate and simple to understand.
  5. A good Average should be capable of further algebraic treatment.
  6. A good Average should be found by graphic methods.
  7. Good Average should not be influenced by variations of sampling.
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