Answer to Question #228711 in Statistics and Probability for Ajeet Kumar

Question

“Each average has its own special features and it is difficult to say which one is the best”.
explain this statement

Answer 1

In colloquial language, an average is a single number taken as representative of a list of numbers. Different concepts of average are used in different contexts. Often "average" refers to the arithmetic mean, the sum of the numbers divided by how many numbers are being averaged. In statistics, mean, median, and mode are all known as measures of central tendency, and in colloquial usage any of these might be called an average value.