Gain admission into 200 level in any university of your choice. Call 09038469227
Get into Benson Idahosa University

Can someone explain why MEAN is the best measure of central tendency?

Can someone explain why MEAN is the best measure of central tendency?

To get notifications when anyone posts a new answer to this question,
Follow New Answers

Post an Answer

Please don't post or ask to join a "Group" or "Whatsapp Group" as a comment. It will be deleted. To join or start a group, please click here

JAMB 2019 CBT Software - Download Now, It's Free!
JAMB 2019 CBT Software Agents - Click Here to Apply

Answers (1)

Oludeb
9 months ago
Mean takes into consideration all the data involved in a data set when making decision and this reduces the chances of making sub-optimal decisions. Other measures of central tendency however just makes use of a part of the data set when making decisions and in this situation, the chances of making sub-optimal decisions based on analysed data is very high.
Ask Your Own Question

Quick Questions

See More Economics Questions
 
JAMB 2019 CBT Mobile App - Download Now, It's Free!
JAMB 2019 CBT Software - Download Now, It's Free!
JAMB 2019 CBT Software Agents - Click Here to Apply