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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There is least effect of marginal values on arithmetic mean.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Answer: True. Explanation: Have a nice day .
Detailed explanation-2: -The arithmetic mean, or simply called the mean is calculated by dividing the sum of all observations in the dataset by the total number of observations. The mean is significantly affected by the outliers, that is, extremely large or small values.
Detailed explanation-3: -Median is the middle most value of a given series that represents the whole class of the series.So since it is a positional average, it is calculated by observation of a series and not through the extreme values of the series which. Therefore, median is not affected by the extreme values of a series.
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