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Lecture.4 Measures of averages - Mean – median – mode ...
Merits and demerits of Arithmetic mean Merits 1. It is rigidly defined. 2. It is easy to understand and easy to calculate. 3. If the number of items is sufficiently large, it is more accurate and more reliable. 4. It is a calculated value and is not based on its position in the series. 5.
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