Why is it incorrect to use the mean for categorical data?

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1 TO 60 other video description
61) Relationship between TP and MP: https://youtu.be/MxZEnlLxb-s
62) Relationship between AP and MP : https://youtu.be/2cELfta76HA
63) Relationship between TP and AP : https://youtu.be/AMyrsn6UFb4
64) Relationship between TP, MP and AP : https://youtu.be/XVVJeTtZD-A
65) Meaning of Cost : https://youtu.be/JW8BqngOoj8
66) What is Money Cost of Production : https://youtu.be/zGedjMDsFYg
67) Concept Related to Cost of Production : https://youtu.be/DHysAwaVmPQ
68) What is TC, AC, MC : https://youtu.be/aI8Mj2td_X0
69) Total Cost : https://youtu.be/JGXKy_ec7mc
70) Total Fixed Cost : https://youtu.be/UTkhZUmsTdw
71) Total Variable Cost : https://youtu.be/b9mNSWhy11E
72) Relationship between TC, TFC and TVC : https://youtu.be/lJ7cgDgvwsM
73) Average Cost : https://youtu.be/XdGefuIqW1k
74) Average Variable Cost : https://youtu.be/b9mNSWhy11E
75) Average Fixed Cost : https://youtu.be/iow6fuAo-xY
76) Difference between TFC and TVC : https://youtu.be/fY5n6kC0HuE
77) Relation between AC, AFC,AVC, WHY AC IS "U" SHAPE? : https://youtu.be/nGYI6QByZ_4
84) Total Revenue : https://youtu.be/prrMPIjbyNg
85) Average Revenue : https://youtu.be/GZUh5uZC7tE
86) Marginal Revenue : https://youtu.be/fwMUCeXyZo8
87) How to calculate TR, AR & MR : https://youtu.be/HS1pQgTVRho
88) Relation Among TR, AR & MR (Under Perfect Competition) : https://youtu.be/m1LZfDVkWhE
89) Relation Among TR, AR & MR (Under Monopoly) : https://youtu.be/Qi9ip5PM3g4
90) Relation Among TR, AR & MR (Monopolistic Competition) : https://youtu.be/84NZYas1HCY
91) Producer Equilibrium: https://youtu.be/tISaoOlN5iw
92) TR & TC Approach:https://youtu.be/0r-C38_r0y0
93) MR & MC Approach : https://youtu.be/fXQ1qt1L8EA
94) Normal + Super Normal Profit, Shutdown Point:https://youtu.be/_uazw8ncQI0
95) Meaning of Supply: https://youtu.be/bgGtSQFw3HU
96) Concept of Supply: https://youtu.be/B5J7mEX9UcM
97) Quantity Supplied & Supply of Commodity : https://youtu.be/-JxIAhZUGLg
98) Law of Supply: https://youtu.be/8_9eIWNnQaI
99) Exceptions to the law of Supply: https://youtu.be/lmaciwyQpIM
100) Determinants of Individual & Market Supply: https://youtu.be/QWdnegShZr0
101) Change in Quantity Supplied & Change in Supply: https://youtu.be/DkTTBPeYhas
102) Price Elasticity of Supply: https://youtu.be/i62lyzjqxHk
103) Methods of Price Elasticity of Supply: https://youtu.be/O3rhgtO9sTY
104) Factors affecting Price Elasticity of Supply: https://youtu.be/nkuuEyz3cFI
105) Time Horizon in Determining Nature of Supply Curve:https://youtu.be/BCUMFgGXX6I
106) What is Market ?: https://youtu.be/R7X1RouZwy0
107) Element of Market: https://youtu.be/736GEPIvp60
108) Forms of Market Structure: https://youtu.be/vBsv1p0KdY0
109) Perfect Competition: https://youtu.be/M4kumbX5fjA
110) Why AR=MR in Perfect Competition: https://youtu.be/VeifTJ6E-vU
111) Price Taker or Price Maker:https://youtu.be/XNCf9O_y7Jo
112) Monopoly Market:https://youtu.be/k94OX3XsvNw
113) Features of Monopoly Market:https://youtu.be/axSAtwuO4co
114) Merits and Demerits of Monopoly: https://youtu.be/cav_gVN5lSk
115) Monopolistic Competition: https://youtu.be/YHv_gUOZ1n8
116) Features of Monopolistic Competition: https://youtu.be/RO3XwNQ3pCQ
117) Oligopoly Market: https://youtu.be/e8-yYBRUhwQ
118) Features of Oligopoly Market: https://youtu.be/xYxC_M12bik
119) Types of Oligopoly Market: https://youtu.be/wt3B712X88k
120) Perfect Comp. VS Monopoly VS Monopi Competition :https://youtu.be/PbjJLDjcKfY
121) Price Determination:https://youtu.be/X2wYrXTQI4M
122) Price Determination Under Perfect Competition: https://youtu.be/M2GjAHDu1ec
123) Effects of Shift in Demand on Equilibrium Price and Quantity: https://youtu.be/ow56I332mpI
124) Effects of Shift in Supply on Equilibrium Price and Quantity:https://youtu.be/F--R9cxRlCQ
125) Effects of Change in Demand on Equi Price and Qty: https://youtu.be/3_LrcmU5M3c
126) Effects of Change in Supply on Equi Price and Qty:https://youtu.be/Dz_cER7dLmw
127) What is Chane Effect : https://youtu.be/1FShweA9w2Y
128) Chain Effect of taste and preferenc:https://youtu.be/zr4KDJRmFKE
129)Chain Effect of Change in Income:https://youtu.be/1uJ8e8WRlvM
130) Chain Effect of Change in Income (Inferior Good case): https://youtu.be/mNE2Isf5pWE
131) Effect of Change in Price of Substitute Goods:https://youtu.be/8dKpu5_6MpM
132) Effect of Change in Technology: https://youtu.be/zor_41YS9Lg
133) Effect of Change in Price of Input: https://youtu.be/hKHoXT1X2_Y

Видео Why is it incorrect to use the mean for categorical data? канала The Economics Classroom with VV