Business Studies, asked by ismailjafferi07, 4 months ago

what criteria do you apply to judge the merits of an average​

Answers

Answered by anamikadebnathkol2
0

Answer:

Mean median mode

Explanation:

Answered by parulsehgal06
0

Answer:

To judge an average​ the criteria would be to know the Merits of Arithmetic Mean, Median, Mode

Explanation:

  • Arithmetic Mean Arithmetic mean is the average or the most common value in the collection of numbers.

Merit of arithmetic mean

  1. It is based on all observations and thus can be regarded as the representative of the given data.
  2. Mean can calculated even if the detailed distribution is not known.
  • Median: The middle value of the list of data, when the data is arranged in any certain order.

Merits of Median

  1. Free from the effect of extreme values
  2. Possible even when data is incomplete
  • Mode is the term given to a value that is most frequently occuring in the set of data.

Merits of Mode.

  1. Less effect of marginal value
  2. Best representative
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