Demerits and merits -the arithmetic mean or a.m, Mathematics

Demerits and merits of the measures of central tendency

The arithmetic mean or a.m

Merits

i.  It employs all the observations given

ii. This is a very useful statistic in terms of applications. This has some applications in business management for illustration as: hypothesis testing, quality control and so on.

iii. This is the best representative of a described set of data if such data was acquired from a normal population

iv. The arithmetic mean can be determined accurately by using mathematical formulas

Demerits

i. If the data is not drawn from a 'general population, then the arithmetic mean may provide a wrong impression about the population

ii. In some situations, the arithmetic mean may provide unrealistic values especially when dealing along with discrete variables for illustration as: when working out the average no. of children in a number of families. This may be found that the average is 4.4 which is un-realistic in human beings

 

Posted Date: 2/16/2013 6:28:24 AM | Location : United States







Related Discussions:- Demerits and merits -the arithmetic mean or a.m, Assignment Help, Ask Question on Demerits and merits -the arithmetic mean or a.m, Get Answer, Expert's Help, Demerits and merits -the arithmetic mean or a.m Discussions

Write discussion on Demerits and merits -the arithmetic mean or a.m
Your posts are moderated
Related Questions
help me with how to write sample of proportion using visual basic

what is the lowest term of 11/121

Without solving, find out the Wronskian of two solutions to the subsequent differential equation. t 4 y'' - 2t 3 y' - t 8 y = 0 Solution : First thing that we want to d

Connecticut state sales tax is 6%. Lucy purchases a picture frame in which costs $10.50 What is the Connecticut sales tax on this item? Find out 6% of $10.50 by multiplying $10



: Find the length of the hypotenuse of a right triangle if the lengths of the other two sides are both 3 inches.

what is the advantage of dual linear problem programming when we maximize profit then what is need to minimize cost of the same problem

What was the name of Istanbul before its capture by the Turks? Constantinople Byzance Adrienople Nicosia

Variance Consider the example of investment opportunities. The expected gains were Rs.114 and Rs.81 respectively. The fact is that an investor also looks at the dispersion befo