Economy, asked by ksatyanarayana941, 11 months ago

What do you mean by arithmetic mean? Explain the merits and demerits of arithmetic mean.

Answers

Answered by Striker10
2

Explanation:

Arithmetic mean is average of all values

Merits

  1. It gives the avergae value
  2. It is suffucuent to present data

Demerits

  1. It does not care about the highest amd lowest value
  2. It gives the deviation between the most of the values
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