Which of the following statements is not correct / » Quantitative Methods for Economic Analysis 1 solved MCQs / By admin Question: Which of the following statements is not correct A. extreme value in data affects the mean B. mean is also known as average C. some data sets do not have mean D. at times weighted mean is much better than the simple mean Answer» c. some data sets do not have mean Note: The above multiple-choice question is for all general and Competitive Exams in India.