STATISTICAL TECHNIQUES AND TOOLS
MEASURE OF ARITHMETIC MEAN
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In ____ arithmetic mean, all items of a series are given equal importance.
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Simple
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Weighted
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Simple mean is based on all the items in the population. It gives equal importance to all the items.
Detailed explanation-2: -Answer. Step-by-step explanation: The mean calculated in this manner is called weighted arithmetic mean. The computation of weighted arithmetic is useful in many situations where different items are of unequal importance, e.g., the construction index numbers, computation of standardized death and birth rates, etc.
Detailed explanation-3: -If all the values are not of equal importance, the index number is called Weighted.
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