The Simple And Easy Merits And Demerits Of Mean, Median Mode.
--MEAN--
Mean Merits ►
It is easy precisely defined.
It is easy to calculate and simple to understand.
it give equal important to all equation.
Mean Demerits ►
A.M can not be defined graphically.
A too large or too small observation will seriously effect arithmetic mea.
--Median--
Median Merits ►
It is easy to understand and calculate.
It is not effected by a few values in the data.
It can be determined by graphically (Using ogive curves)
Median Demerits ►
It is well defined but may not be unique.
Median is not determined using all the values, It brings a position average it is least effected by changes in extreme observation, This can be looked upon as it's Demerits.
--Mode--
Mode Merits ►
It is easy to understand and simple to calculate.
It is not effected by extreme observation.
It can be obtain graphically (Using histogram in case of group data)
Awesome Information About Mean, Median, Mode.
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