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Which average would be suitable in the following case? Average size of readymade garments. - Economics

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Question

Which average would be suitable in the following case?

The average size of readymade garments.

Short Note

Solution

The demand for the average size of any readymade garment is the maximum. As the modal value represents the value with the highest frequency, the number of the average size to be produced is given by the Modal value.

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Measures of Central Tendency - Mode
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Chapter 5: Measures of Central Tendency - Exercise [Page 71]

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NCERT Statistics for Economics [English]
Chapter 5 Measures of Central Tendency
Exercise | Q 1. (i) | Page 71
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