Mean

Mean

 

 

Mean

 

Meaning of Mean

The mean is the simplest indicator to summarise information provided by a set of statistical data: it is equal to the sum of these data divided by their number. It can therefore be calculated in the knowledge of only these two elements, and without knowledge of the full distribution. The mean of a distribution is not always the best indicator: the median is often more relevant. But calculating the median requires knowledge of the full distribution, or at least its central part.

 

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Mean

 

Mean

 

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Mean

 

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