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Introduction to Statistical Methods and Econometrics — Economics STD 12 — Question

Tamilnadu BoardEnglish MediumSTD 12EconomicsIntroduction to Statistical Methods and Econometrics3 Marks
Question
Write meaning of averages?
✓

Answer

  1. “A measure of central tendency is a typical value around which other figures congregate.”
  2. “An average stands for the whole group of which it forms a part yet represents the whole.”
  3. “One of the most widely used set of summary figures is known as measures of location.”

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