MBA
Quantitative Analysis for Managerial Applications
ASSIGNMENT
Course Code: MMPC-005
Assignment Code: MMPC-005/TMA/JULY/2022
Coverage : All Blocks
5. Write short notes on any two of the following:-
(a) Mathematical Properties of Arithmetic Mean.
Arithmetic mean, also known as the average, is a widely used measure of central tendency in statistics. It is calculated by adding up all the values in a set of data and dividing by the total number of values. The mathematical properties of arithmetic mean are important to understand in order to interpret and analyze data accurately.
The first property of arithmetic mean is that it is sensitive to extreme values, also known as outliers. Outliers can significantly affect the arithmetic mean, causing it to be skewed either positively or negatively. Therefore, it is important to identify and handle outliers appropriately when calculating the arithmetic mean.
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