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Which average would be suitable in the following case? When quantities of the variable are in ratios.

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Question

Which average would be suitable in the following case?

When quantities of the variable are in ratios.

One Line Answer
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Solution

Median will be the most suitable measure in case the variables are in ratios. It is least affected by extreme values.

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Chapter 5: Measures of Central Tendency - Exercise [Page 71]

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NCERT Statistics for Economics [English] Class 11
Chapter 5 Measures of Central Tendency
Exercise | Q 1. (vi) | Page 71
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