Why do we use averages? Are there any limitations to their use? Illustrate with your own examples related to the development.
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Why do we use averages? Are there any limitations to their use? Illustrate with your own examples related to the development.
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Answer:
We use averages as they are useful for comparing differing quantities of the same category.
There are limitations of calculating averages because this does not give any information about the distribution of a thing between people.
For example, the per capita income does not show the distribution of income.