Advantages and disadvantages

The Advantages and Disadvantages of the Various Measures of Average Student’s Name: Institution: Date: The Advantages and Disadvantages of the Various Measures of Average The measure of average is a single value that represents or approximately defines a set of given data. It is also called the measure of central tendency and includes mean, median, and mode. These are the most common measures of average. This discussion outlines the advantages and disadvantages of these measures and provides examples of when each measure would be more valuable than the other measures. Mean Mean is the representation of the average of the given data, either continuous or discrete data. Mean considers the value of each data in a set; hence, it is most useful when analyzing data when the value of each data is essential. For example, when calculating the average score of a quiz, each question in the quiz is equally essential; therefore, mean is more valuable to consider than median and mode. Advantages * It is reliable while representing the average. * It is easy and quick to calculate and more accurately represents figures than median and mode. * It...