Arithmetic Mean: Formulas for Individual, Discrete and Continuous Series
1. Arithmetic Average in Individual Series Direct Method \[\bar{X} = \frac{\sum X}{N}\] Where; = Arithmetic Mean \(\sum {X}\) = Sum of all values = Total number of observations Shortcut Method \[\bar{X} = A + \frac{\sum d}{N}\] Where; = Arithmetic Mean = Assumed Mean = Deviation of each value \(\sum {d}\) … read more