The Reason Method 1 — ‘average of the averages’ - Deepstash

The Reason Method 1 — ‘average of the averages’

  • The term ‘average of the averages’ is often frowned upon by mathematicians. 
  • However, in this case, the term ‘average of the averages’ is merely a disguise. The calculation of the ‘average of the averages’ actually leads to the calculation of Simple Average, a perfectly valid way of calculating the average. 
  • Not to get too math-y here, simple average merely means that you’re taking the average of a particular dataset without considering the weight (or in this case, the quantity) of each item group.

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lyejiajun

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