While calculating the average growth of the economy, correct mean is
Answers
Answer:
here is your answer mate !!
Explanation:
Arithmetic Mean
Answer:- The correct mean, while calculating the average growth of economy is Arithmetic mean.
You have not provided the full question. after searching the web, I got this same question with options.
The question is:-
Q. For calculating the average growth of economy, the correct mean to use is
(a) Weighted mean
(b) Geometric mean
(c) Arithmetic mean
(d) Mode
Therefore, the right answer is option (c) Arithmetic mean
Arithmetic mean:-
In the mathematics and the statistics, the arithmetic mean, or simply the mean or average is the sum of the collection of the numbers is divided by the number of numbers in the collection. The collection is a set of results of an experiment, or a set of results from the survey.
Weighted mean:-
The Weighted Mean is the mean where some of the values contribute more than the others.
Geometric mean:-
The geometric mean is the average growth of the investment that is computed by multiplying "n" variables and then taking the nth root.
Mode:-
The mode is the value which appears mostly in a set of the data. The mode of a discrete probability distribution is the value of x at which its probability mass function takes its maximum value. In other words, it is a value which is most likely to be sampled.
To know more about the topic please go through the following links
Link1:- https://brainly.in/question/34143515?
Link2:- https://brainly.in/question/34155815?
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