Statistics - Arithmetic Mean


Advertisements

Arithmetic Mean in the most common and easily understood measure of central tendency. We can define mean as the value obtained by dividing the sum of measurements with the number of measurements contained in the data set and is denoted by the symbol $\bar{x}$.

We're going to discuss methods to compute the Arithmetic Mean for three types of series:

Individual Data Series

When data is given on individual basis. Following is an example of individual series:

Items510203040506070

Discrete Data Series

When data is given alongwith their frequencies. Following is an example of discrete series:

Items510203040506070
Frequency251312057

Continuous Data Series

When data is given based on ranges alongwith their frequencies. Following is an example of continous series:

Items0-55-1010-2020-3030-40
Frequency251312

Useful Video Courses

Video

Class 11th Statistics for Economics

40 Lectures 3.5 hours

Madhu Bhatia

Video

Statistics

40 Lectures 2 hours

Megha Aggarwal

Video

Applied Statistics in Python for Machine Learning Engineers

66 Lectures 1.5 hours

Mike West

Video

An Introduction to Wait Statistics in SQL Server

22 Lectures 1 hours

Mike West

Video

Geospatial Data Science: Statistics and Machine Learning

60 Lectures 12 hours

Michael Miller

Video

Basic Statistics & Regression for Machine Learning in Python

65 Lectures 5 hours

Abhilash Nelson

Advertisements