Question
Easy
Which of the following mean is mathematical mean?
1
Harmonic Mean
2
Mode
3
Median
4
All options are wrong
Question Details
Time to Solve: 12
Exam: HTET
Level/Paper: Level 3
Chapter: Statistics for Economics
Topic: Measure of Central Tendency
Correct Answer
Option A
Explanation
The correct option is 1: In statistics, measures of central tendency are broadly categorized into two groups: mathematical averages and positional averages. Mathematical averages are calculated using the precise values of all observations in a dataset, which involves algebraic manipulation of the data points. The three primary mathematical means are the Arithmetic Mean (most common), the Geometric Mean, and the Harmonic Mean. The Harmonic Mean, specifically, is calculated as theтАжRead More
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