Requisites of a good average, Financial Management

An average should be: (a) vigorously defined, (b) easy to compute, (c) capable of simple interpretation, (d) dependent on all the observed values, (e) not unduly influenced by one or two extremely large or small values, (f) fluctuate relatively less from one random sample to another, and (g) capable of mathematical manipulation. 

Posted Date: 9/14/2012 12:57:10 AM | Location : United States







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