The following properties should be possessed by an ideal average.

**Characteristics
for a good statistical average**

The following properties should be possessed by an ideal
average.

·
It should be well defined so that a unique answer can be
obtained.

·
It should be easy to understand, calculate and interpret.

·
It should be based on all the observations of the data.

·
It should be amenable for further mathematical calculations.

·
It should be least affected by the fluctuations of the sampling.

·
It should not be unduly affected by the extreme values.

Tags : Statistics , 11th Statistics : Chapter 5 : Measures of Central Tendency

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11th Statistics : Chapter 5 : Measures of Central Tendency : Characteristics for a good statistical average | Statistics

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