BUSINESS ADMINISTRATION
RESEARCH METHODOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mean
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Median
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Mode
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Range
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Detailed explanation-1: -The arithmetic mean is the simple average, or sum of a series of numbers divided by the count of that series of numbers.
Detailed explanation-2: -MEAN-the sum of a set of numbers divided by the number of items in the set, also referred to as the average.
Detailed explanation-3: -Calculating the mean There are many different types of mean, but usually when people say mean, they are talking about the arithmetic mean. The arithmetic mean is the sum of all of the data points divided by the number of data points.
Detailed explanation-4: -Arithmetic mean refers to the average amount in a given group of data. It is defined as the summation of all the observation is the data which is divided by the number of observations in the data.
Detailed explanation-5: -Therefore, sum of all observations divided by the number of observations gives us the mean of the data.