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Which average would be suitable in the following case? Average wage in an industrial concern. - Economics

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Question

Which average would be suitable in the following case?

The average wage in an industrial concern.

Short Note

Solution

Mean will be the most suitable measure. It is calculated by dividing the sum of wages of all the labour by the total number of labours in the industry.

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Measures of Central Tendency - Mean
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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. (iv) | Page 71
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