why do we use average? are there any limitations for it's use
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For example:- to compare per capita income of a country,averages have to be used because there are differences in the incomes of diverse people. However,there are limitations to the use of averages . ... Averages are useful for comparison , they also hide disparities.
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AVERAGES are a single value which summarises the characteristic of the data.
Limitations:
- Since different countries have different population thus total income doesn't tell us what an average person is likely to earn in that case we use averages.
- AVERAGES are sometimes influenced by extreme values.
- They don't give us idea about individual level or standard of living
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