Which of the following statement is incorrect in the context of "Measures of Central Tendency"?
Answer & explanation
Correct answer: option 2
The correct answer is Option 2: There are 4 most commonly used averages- arithmetic mean, media, mode, geometric mean
There are several statistical measures of central tendency or “averages”. The three most commonly used averages are: • Arithmetic Mean • Median • Mode
There are two more types of averages i.e. Geometric Mean and Harmonic Mean, which are only suitable in certain situations.