Write 5 contexts related to the concept of average in daily life?
Answers
The term average is used frequently in everyday life to express an amount that is typical for a group of people or things. ... Averages are useful because they: summarise a large amount of data into a single value; and. indicate that there is some variability around this single value within the original data.
Answer:
1) Marketers often calculate the avrage revenue earned per advertisement so they can understand how much money their company is making on each ad.
2) Insurance analysts often calculate the average age of the individuals they provide insurance for so they can know the average age of their customers.
3) Real estate agents calculate the average price of houses in a particular area so they can inform their clients of what they can expect to spend on a house.
4) Human Resource managers often calculate the average salary of individuals in a certain field so that they can know what type of “average” salary to offer to new employees.
5) To calculate the percentage of your marks
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