Business Studies, asked by hamadg874, 5 hours ago

what criteria do you apply to judge the merits of an average? Discuss the merits and demerits of the different averages in common se with special reference to these criteria.

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Answered by disha7593
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measure of central tendency is a summary statistic that represents the center point or typical value of a dataset. These measures indicate where most values in a distribution fall and are also referred to as the central location of a distribution. You can think of it as the tendency of data to cluster around a middle value. In statistics, the three most common measures of central tendency are the mean, median, and mode. Each of these measures calculates the location of the central point using a different method.

Choosing the best measure of central tendency depends on the type of data you have. In this post, I explore these measures of central tendency, show you how to calculate them, and how to determine which one is best for your data.

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