Q1. What purpose is served by an average? Discuss the relative merits and shortcomings of varioustypes of statistical averages
Question
Solution 1
Averages serve several purposes in statistics:
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Simplification: Averages reduce a large amount of data into a single value, making it easier to handle and understand.
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Comparison: Averages allow for the comparison of different data sets.
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Forecasting: Averages can be used to predict future Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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