What is Average?
The result obtained by adding several quantities together and then dividing this total by the number of quantities is called Average. The main term of average is equal sharing of a value among all, where it may share persons or things. We obtain the average of a number using formula that is sum of observations divide by Number of observations.
Average = Sum of Observations/Number of Observations =>
Important Points to Remember:
Important Formulae on Averages: