Economy, asked by yashchauhanchauhan43, 16 days ago

what are the Merits of Airthmetic mean? ​

Answers

Answered by salwinsunil32
1

(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.

Answered by 10ankita12s4
1

Answer:

1) 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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