$\overline{X}$ = A + (Σd/N) is the formula for calculating _________________.
Answer & explanation
Correct answer: option 1
The correct answer is option 1: Arithmetic Mean
$\overline{X}$ = A + (Σd/N) is the formula for calculating Arithmetic Mean by using assumed mean method.
Sum of all deviations is taken as Σd=Σ (X-A)
A = assumed mean
X = individual observations
N = total numbers of observations
d = deviation of assumed mean from individual observation, i.e. d = X – A