Merits and Demerits of Arithmetic MEAN | Central Tendency
đźš©Timestamps:-
00:02 AGENDA of this Session
00:07 yada-yada
01:10 Intro
01:56 Merits of Arithmetic Mean
09:13 Demerits of Arithmetic Mean
18:44 Concluding Remarks & beyond…
|
Learning Outcomes:- Through this
module, you will gain understanding on:- 1.
MERITS of Arithmetic Mean 2. DEMERITS of Arithmetic Mean |
MERITS of Arithmetic Mean -
1.
Simplest
to calculate and use
2.
Certain
Value NOT estimated
3.
Based
on ALL Items of the Series (Representative)
4.
Capable
of further Algebraic Treatment - Extensively used in statistical research
5.
Stable
Measure - Changes in the sample of items in series have minimum effect on the
arithmetic average
6.
Used
for comparison
DEMERITS of Arithmetic Mean -
1. NOT always a representative value - gets distorted by presence of extreme values in the Series
2. Mean value may sometimes be that value which does not figure in the series at all
3. Sometimes offers laughable conclusions
4. NOT a suitable measure in case of
Percentage or Proportionate Values
5. Sometimes offers Misleading Results
VIDEO DESCRIPTION (max 5,000 characters)
Merits and Demerits of Arithmetic MEAN | Measures of Central Tendency: Arithmetic Mean | 11th Commerce | by @statomics11comm
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Merits and Demerits of Arithmetic Mean, Merits of Arithmetic Mean, Demerits of Arithmetic Mean, Measures of Central Tendency: Arithmetic Mean, 11th Commerce, CBSE, statomics11comm
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