DEPARTMENT OF TECHNICAL EDUCATION

ANDHRA PRADESH

Name : P. MADHAVI
Designation : Lecturer
Branch : CCP
Institute : Govt. Polytechnic, NELLORE
Year/Semester : III Semester
Subject : Quantitative Techniques-I
Sub. Code : CCP-303
Topic : Understand Measures of
Central Tendency
Duration : 50 Mts.
Sub Topic : Uses of Averages
Teaching Aids : Animations
CCP303.15 1
Objectives :

On completion of this period, you would be

able to:

 Understand various Uses of averages

CCP303.15 2
Recap

• Average represents the central value of all other

given values in a series

• Types of averages:

AM, GM, HM, Median and Mode

CCP303.15 3
USES OF AVERAGES

CCP303.15 4
AVERAGES - USES
1) Representative of Group:

 An average represents all features of a group.

Results about whole group can be known

CCP303.15 5
AVERAGES – USES Contd:

2) Brief Description:

 Average gives simple and brief description of

main features of entire data

CCP303.15 6
AVERAGES – USES Contd:
3) Helpful in Comparison:

 Averages reduce data to a single value, which is

highly useful for comparative studies

CCP303.15 7
AVERAGES – USES Contd:

4) Formulates Policies:

 Averages help develop business. It leads to

economic development.

CCP303.15 8
AVERAGES – USES Contd:

5) Base for other Statistical Analysis:

 Other statistical devices viz, Mean Deviation, Co-

efficient of Variation, Correlation Analysis etc, are

based on averages

CCP303.15 9
 SUMMARY
 Average is a single value representing a group of
values

 Average is useful for

 Comparative Studies

 Further statistical analysis like Correlation, Mean

Deviation etc.

CCP303.15 10
 QUIZ
1. Values which represents the group are:

(a) Data

(b) Average

(c) Group

(d) None of these

CCP303.15 11
2. Various statistical measures are based on:

(b) Statistics

(c) Grouped Data

(d) Averages

(e) None of these

CCP303.15 12
Frequently Asked Questions

What are the uses of averages?

CCP303.15 13