Uses of arithmetic mean, Applied Statistics

Assignment Help:

Uses

Arithmetic mean is widely used because of the following reasons:

  1. Mean is the simplest average to understand and easy to compute.

  2. It is relatively reliable in the sense that it does not vary too much when repeated samples are taken from one and the same population, at least not as much as some other kind of statistical descriptions.

  3. The mean is typical in the sense that it is the center of gravity balancing the values on either side of it.


Related Discussions:- Uses of arithmetic mean

Convenience sampling, Convenience Sampling It means a convenient sample...

Convenience Sampling It means a convenient sample is obtained by selecting convents units from the universe. Convenient sample is also known as chunk. It   means a fraction of

Cluster analysis, These techniques are applied when the rows and the column...

These techniques are applied when the rows and the columns of the data table represent the same units and when the measure is a disiance or a similarity. The goal of the analysis i

Range, Range Official Exports Target 2000-2001 ...

Range Official Exports Target 2000-2001 Product ($ million) Plantation 500 Agriculture and Alli

Explain graph theory, For each of the following scenarios, explain how grap...

For each of the following scenarios, explain how graph theory could be used to model the problem described and what a solution to the problem corresponds to in your graph model.

Regression, why we use dummy variable

why we use dummy variable

Statistical definition of probability, Statistical Definition of probabilit...

Statistical Definition of probability: Ques: (a) (i)  Distinguish Statistical Definition of probability from the Classical Definition.                  (ii) State the A

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd