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The arithmetic mean is a positional value. - Economics

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Question

The arithmetic mean is a positional value.

Options

  • True

  • False

MCQ
True or False

Solution

This statement is false. 

Explanation:

This statement is false as mean is not a positional average, rather the statement holds true for median and mode. The calculation of median and modal values is based on the position of the items in the series, i.e. why these are also termed as positional averages.

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Measures of Central Tendency - Mean
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Chapter 5: Measures of Central Tendency - Exercise [Page 72]

APPEARS IN

NCERT Statistics for Economics [English]
Chapter 5 Measures of Central Tendency
Exercise | Q 3. (iii) | Page 72
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