Advantages of Arithmetic Mean
Arithmetic mean is a widely used concept in mathematics. It is not only used in statistics and mathematics but also in various other fields such as economics, marketing, investments, and others. Some of the major advantages of the arithmetic mean are,
- The formula for arithmetic mean is a rigid formula and it does not change with the deviation in the values of the data set.
- Arithmetic mean considers all the values of the data set.
- It takes into consideration each value of the data set.
- The arithmetic mean formula is very easy to use.
- Other mathematical measures such as median, mode, etc are easily calculated using the arithmetic mean.
- It is used to find the various geometrical concepts such as midpoints, centroids, etc.
Arithmetic Mean
Arithmetic Mean is defined as the ratio of all the values or observations to the total number of values or observations. Arithmetic Mean is one of the fundamental formulas used in mathematics and it is highly used in various solving various types of problems. We can understand it with some examples, if in a family the husband earns 35,000 rupees and his wife earns 40,000 rupees then what is their average salary? This average is also called the arithmetic mean of 35,000 rupees and 40,000 rupees, which is calculated by adding these two salaries and then dividing it by 2.
Average Salary (Arithmetic Mean of Salary) = (35000 + 40000)/2 = 37500.
Thus, the arithmetic mean is used in various scenarios such as in finding the average marks obtained by the student in marks, the average rainfall in any area, etc.