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Measures of Central Tendency — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMeasures of Central Tendency1 Mark
Question
What are the requisites of an ideal average?
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Answer

An ideal average should have following requisites.
  • It should be rigidly defined.
  • It should be based on all the observations of the series.
  • It should be capable of further algebraic treatment.
  • It should be easy to calculate and simple to follow.
  • It should not be affected by fluctuations of sampling.
  • It should be based on homogeneous and uniform items.

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