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What is Merits and Demerits of Statistical Averages about?

This document discusses the merits and demerits of various types of averages: median, mean, mode, geometric mean, and harmonic mean. For each average type, the key merits include things like being unaffected by outliers, ease of calculation or interpretation. Key demerits include being affected by outliers, difficulty in calculation, or not representing the actual data values.

Author

Usama Ismail

Language

EN