00:01
Hello everyone, first we will see what is the advantages and disadvantages of mean.
00:07
Mean is nothing but the, it is a mathematical average.
00:14
It is a mathematical average and the merits are, first one is mean is based on all observation.
00:31
Mean is based on all observation of the given data.
00:43
Next one is mean is easy to calculate.
00:46
It is easy to calculate and the demerits are, it is affected by, mean is affected by extreme observations and then next one is it cannot be computed for the qualitative data.
01:30
It cannot be computed qualitative data.
01:49
Next we will see for the median.
01:53
Median is nothing but the, it is a middle value.
02:00
It is a middle value in an ordered sequence data.
02:25
Merits of median are, first one is it is defined for the qualitative data.
02:36
It is defined for qualitative data and then next one is it is not affected by, median is not affected by extreme values.
03:10
Demerits, the disadvantages are, it is not calculated from, it does not take consider all the data values...