State two objectives of the measures of central tendency? - Vidyadip

Question

State two objectives of the measures of central tendency?

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Answer

Two objectives of measures of central tendency are:

It is useful to extract and summarize the characteristics of the entire data set in a precise form. For example, it is difficult to understand individual families' need for water during summers. Therefore knowledge of the average quantity of water needed for the entire population will help the government in planning for water resources.
Since an 'average' represents the entire data set, it facilitates comparison between two or more data sets. Such comparison can be made either at a point of time or over a period of time. For example, average sales figures of any month can be compared with the preceding months, or even with the sales figures of competitive firms for the same months.

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