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Give 3 examples where an average is used for comparing situations ?
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Give 3 examples where an average is used for comparing situations ?
Examples where an average is used for comparing situations are as follows:
a) Measuring the height of students in a class with a large number of students.
b) Collecting the data of income of people of a particular state.
c) Forest cover in a country.
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Give 3 examples where an average is used for comparing situations ?
Examples of using an average for comparing situations:

1. Economic Growth:
One common example of using an average for comparing situations is in measuring economic growth. Economists often use the average annual growth rate of a country's Gross Domestic Product (GDP) to compare the economic performance of different nations. The average GDP growth rate provides a standardized measure that allows for a comparison of economic progress over time and across countries. By calculating the average growth rate, economists can determine which countries are experiencing faster or slower economic growth and identify factors that contribute to these differences.

2. Academic Performance:
Another example is the use of averages in comparing academic performance. In education, average scores are often used to compare students, schools, or even entire education systems. For instance, standardized tests like the PISA (Programme for International Student Assessment) provide average scores in subjects like mathematics, science, and reading, allowing policymakers and educators to identify areas of strength and weakness in different regions or countries. These average scores help in comparing academic achievements and designing strategies for improvement.

3. Stock Market Performance:
Averages are extensively used in analyzing and comparing stock market performance. Indices such as the S&P 500 or Dow Jones Industrial Average are calculated based on the average performance of a basket of stocks representing a specific market or sector. These indices provide a benchmark for investors to compare the performance of their own portfolios or individual stocks against the broader market. By comparing the average performance of stocks, investors can evaluate the relative strength or weakness of different sectors and make informed investment decisions.

Conclusion:
In various fields, averages are utilized to compare situations and draw meaningful conclusions. They provide a standardized measure that allows for comparisons across different entities and over time. Whether it is economic growth, academic performance, or stock market analysis, averages serve as valuable tools in understanding relative performance and identifying areas of improvement or investment opportunities.
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Read the source given below and answer the questions that follows:For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. The income of the country is the income of all the residents of the country. This give us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population.The average income is also called per capita income.In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of US$ 12,056 per annum and above in 2017, are called rich countries and those with per capita income of US$ 955 or less are called low-income countries. India comes in the category of low middle income countries because its per capita income in 2017 was just US$ 1820 per annum. The rich countries, excluding countries of Middle East and certain other small countries, are generally called developed countries.Human Development Report published by UNDP compares countries based on the educational levels of the people, their health status and per capita income.Q. What is the main criterion used by the World Bank in classifying different countries?

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Give 3 examples where an average is used for comparing situations ?
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Give 3 examples where an average is used for comparing situations ? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Give 3 examples where an average is used for comparing situations ? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Give 3 examples where an average is used for comparing situations ?.
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