Many times you get data as shown in figure ‘Average in action’. In the below scenario we have number of items sold for every month. We need to find average of sales across all these months. Figure ‘Average in action’ is also numbered. So let’s try to understand the same according to numbers.
1 and 2à This represents the months and corresponding sales to those months. 3 à We have used the formulae ‘Average’ and selected the items sold every month. In the right hand side of the same figure we can see the final average value. We have sold approximately 274 items on an average every month.
Figure: - Average in Action