Statement (I): The arithmetic mean is an all-purpose average.

Statement (II): Median and mode are called positional averages.

In the context of the above two statements, which one of the following codes is correct?

Correct option is A

· Statement (I): Correct. The arithmetic mean is an all-purpose average as it uses all data points and is widely applicable.
· Statement (II): Correct. The median and mode are called positional averages because they depend on the position of data points in an ordered dataset.
Information Booster:
· Arithmetic mean is sensitive to extreme values but provides a comprehensive average.
· Median (middle value) and mode (most frequent value) are useful for skewed distributions.