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

Decision making ., it is said that management is equivalent to decision mak...

it is said that management is equivalent to decision making? do you agree? explain

Different analyses of recurrent events data, Different analyses of recurren...

Different analyses of recurrent events data: The bladder cancer data listed in Wei, Lin, and Weissfeld (1989) is used in Example 54.8/49.8 of SAS to  illustrate different anal

Calculate the maximum weight of the engine, Determine the maximum weight in...

Determine the maximum weight in kN to one decimal point (1 DP) of the engine that can be supported without exceeding the tension given in  Parameter 1 (P1) in chain AB or 1.1 x P1

Bernoulli''s theorem, Bernoulli's Theorem If a trial of an experiment c...

Bernoulli's Theorem If a trial of an experiment can result in success  with probability p and failure with probability q (i.e.1-p) the probability of exactly r success in n tri

O-give curves, real time applications on graphical representation of o-give...

real time applications on graphical representation of o-give curves

Correlation, Definition of Correlation According  to prof, king correla...

Definition of Correlation According  to prof, king correlation means that between two series or group  of data  there  exists  some casual connection  prof, king  has also  exp

Use of statistical tool, #question what is the statistical process to redu...

#question what is the statistical process to reduce hardness of water

Random sampling method, Random Sampling Method In this method the units...

Random Sampling Method In this method the units are selected in such a way that every item in the whole universe has an equal chance of being included. In the words of croxton

Statistics assignment, To compare three brands of computer keyboards, four ...

To compare three brands of computer keyboards, four data entry specialists were randomly selected. Each specialist used all three keyboards to enter the same kind of text material

CERTIFICATE OF AIRWORTHINESS FOR EXPORT, CERTIFICATE OF AIRWORTHINESS FOR E...

CERTIFICATE OF AIRWORTHINESS FOR EXPORT When aircraft manufacturers go into series production of a new type of aircraft, then obviously they are hopeful of world wide sales. Sim

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