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Mean

Unit 3: Measures of Central TendencyTopic 1 of 4
Browse the Business Statistics syllabus

Business Statistics

13 units
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What the syllabus expects

  • Simple and weighted arithmetic, geometric and harmonic means

Mean

Bachelor of Business Studies (BBS) — First Year

Subject: Business Statistics (MGT 202)

Unit 3: Measures of Central Tendency

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of mean.
  • Select suitable statistical procedures, carry out calculations and interpret business results.

Curriculum Scope

  • Simple and weighted arithmetic, geometric and harmonic means

Detailed Microsyllabus

  1. Arithmetic averages

    1. Simple arithmetic mean for individual and grouped observations.
    2. Weighted mean and the choice of weights.
    3. Effects of extreme values on the mean.

  2. Geometric and harmonic averages

    1. Calculation and interpretation of geometric and harmonic means.
    2. Simple and weighted forms within the stated scope.
    3. Select an average suited to growth, ratios or rate-based situations.

Curriculum reference: Tribhuvan University, Faculty of Management, BBS curriculum with first-year syllabus, PDF pages 14-16.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit lecture hours apply to the whole unit; no separate topic hours or marks are assigned here.