Business Studies, asked by hamadg874, 26 days 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.

Answers

Answered by preetih189
0

Answer:

Average and Types of Averages

Average.

Desirable Qualities of a Good Average.

(2) It should be clearly defined by a mathematical formula.

(3) It should not be affected by extreme values.

(4) It should be based on all the observations.

(5) It should be capable of further mathematical treatment.

Similar questions