Business Studies, asked by shaiksha7, 1 year ago

what are the objectives of an average?​

Answers

Answered by kanchanajuluru
6

Answer:

Averages occupy a prime place in statistics. The following are the objectives of an average:

Explanation:

  1. Facilitates comparison: The foremost purpose of average is that facilitates comparison.
  2. Formulation of policies: Averages are of great use in the formulation of pplicies.
Answered by KomalSrinivas
8

Answer: Objectives of an average are:-

1.

Representative of the group- Features of the group are represented by an average, hence the result about the whole group can be deducted from it.

2.Brief description- It gives us a simple and brief description about the whole data.

3.Helpful in formulation of policies- It gives us the idea what to be done, and what policies should be adopted for the same.

Explanation:

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