It is also called as arithmetic average, or simply average. I is defined as the arithmetic average of the set of data value and is calculated by the sum of all the values from the data and divide by size of the data. Especially the term arithmetic average is used in mathematics and statics, since it help us to differentiate it from other methods such as harmonic and geometric average. It is most frequently used in mathematics and statistics fields such as economics, sociology and history.
It is generally sample average or population average. If the set of observation is a statistical sample, then that average is called as sample average. If the set of observation is a statistical population, then that mean is called as population average. The sample average is denoted by the symbol ( ) which also called as x bar and the population average is denoted by the symbol of Greek letter (µ). Both the sample and population average is calculated by adding all the observations and divided by the number of observations.
Formula for Mean
Formula for Sample average
= (∑¦x)/n
Where,
- Sample average
Sx - Sum of all the sample observation
n - Number of sample observation
Formula for Population average formula
µ = (∑¦x)/N
Where,
µ - Population average
SX - Sum of all population observation
N - Number of population observation
Define Mean
It is defined as it the average of numbers from given set of data and is calculated by just addition of all numbers from set of data and divides them by the size of the data. Simply it is a just average of the given numbers. Average is represented by the symbol .
= (∑¦x)/n
Where,
- Mean
S - Symbol of summation
x - Values present in given set of data
n - Number of data or size of data or how many numbers present in set of data
Definition of Mean
It is an arithmetic average of set of a data values and is not to be a middle value or any one value from the set of data values. It is a central value of a set of numbers or data. Calculation of average is very simple. Averages is calculated by adding all the numbers and divide them by how many numbers there are, in other words, it is the sum of the numbers divided by the count of numbers.
For example to find the average for given set of data such as 6, 11, 7, 4. To calculate average first add all the numbers,
6 + 11 + 7 + 4 = 28
Then dived the resulting number by how many numbers are their in data set, here there are 4 numbers are their, so
28/4 = 7
The average value is 7.
Sample Mean Formula
Where Sn = x1, x2, x3,………xn random sample of size n, then the formula for sample average is,
= (∑¦x)/n
Where,
- Sample average
S - Symbol of summation
x - Values present in the sample set of data
n - Number of sample data
