Web22 aug. 2008 · Arithmetic mean (the average) of a series of values can gives us a fairly decent estimate of the most probable value of a next input. ... What are the merits and … WebMerits of median (1) Simplicity:- It is very simple measure of the central tendency of the series. I the case of simple statistical series, just a glance at the data is enough to locate …

Merits and Demerits of Arithmetic Average - Homework1.com

Web30 okt. 2024 · Merits of Arithmetic Mean It is determined strictly. It is calculated on the basis of all observations Simple to solve and easy to understand It is responsive to mathematical treatment or properties. It is inspired by the value of every item in the observation series. Demerits of Arithmetic Mean WebMERITS OF MEAN: 1-ARITHEMETIC MEAN RIGIDLY DEFINED BY ALGEBRIC FORMULA 2- It is easy to calculate and simple to understand 3- IT BASED ON ALL OBSERVATIONS AND IT CAN BE REGARDED AS REPRESENTATIVE OF THE GIVEN DATA 4- It is capable of being treated mathematically and hence it is widely used in … nad viso hp50 headphones

Test Of Significance - Mahatma Gandhi Central University

Web4 feb. 2024 · And as a result, it is not difficult to find people misapplying statistics, for example, using the arithmetic mean on financial returns data when the geometric mean makes more sense. By rearranging the equation, you can get an alternative perspective which makes the concept of “average” clearer and more generalisable for different types … Web(A) Merits: 1. It can be easily calculated; and can be easily understood. It is the reason that it is the most used measure of central tendency. 2. As every item is taken in calculation, it is effected by every item. 3. As the mathematical formula is rigid … WebMerits 1) Arithmetic mean rigidly defined by Algebraic Formula. 2) It is easy to calculate and simple to understand. 3) It is based on all observations of the given data. 4) It is c … medicion ishikawa