what is short cut method in mean , median and mode tooin economics
Answers
Explanation:
The shortcut method is a qualitative method of analysis approved only by the US accounting standards to test the effectiveness of a hedge relationship. ... It is only accepted by US standards and in the cases when the hedging relationship involves interest rate swaps and meets a series of very specific criteria.
Answer:
The first concept to understand from Mean Median and Mode is Mean. Mean is simply defined as the ratio of the summation of all values to the number of items. Note that there are two types of the arithmetic mean which are simple arithmetic mean and weighted arithmetic mean.
Mean = ∑X ÷ N
Here, ∑X= Sum of all the individual values and N= Total number of items
The simple arithmetic mean considers all the values in data as equal and grants equal importance to each value. Whereas, in weighted arithmetic mean weights or importance is assigned to the values. Without further delay let us study methods of constructing mean.