A major disadvantage of the arithmetic means is that it i...
A major disadvantage of the arithmetic means is that it is
Not useful for large data
Not suitable for further statistical analysis
Cumbersome to determine the actual value
Affected by extreme data
Correct answer is D
One of the disadvantage of the arithmetic mean is that it is not the best measure to use with data sets containing a few extreme values or with more dispersed (volatile) data sets in general.
The following are qualities of money EXCEPT ...
Which of the following crops can be referred to as Nigeria’s current export crops? ...
One-man business are popular in West Africa because of all the following except the ...
The greatest foreign exchange earner for Nigeria before the advent of petroleum was ...
Which of the following statements is not true of capital income? ...
Given: Investment = N100 million Consumption = N200 m + 0.75Y Y = C + I where, Y = In...
Comparison of interpersonal utility is impossible because ...
In a country with large population of full-time house wives, national income ...