Arithmetic Mean Average

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Arithmetic Mean Average

An average calculated by adding the value of the points in a data set and dividing the sum by the number of data points. For example, suppose one wishes to calculate the average income of a country with exactly five people in it, and their incomes are $25,000, $26,000, $43,000, $70,000, and $72,000. It is calculated as:

($25,000 + $26,000 + $43,000 + $70,000 + $72,000) / 5 = $47,200.

A limitation to the arithmetic mean average is that it can be overly affected by extremes in either direction. For example, if one of the five persons in the country earns $100 billion per year, the arithmetic mean average income would be in the billions and would not accurately count the other four citizens. For this reason, many analysts use the median in conjunction with the arithmetic mean average. The arithmetic mean average is also called simply the mean.
References in periodicals archive ?
Age (a) 55/45 (b)-geoIR 40/30/30G (c)-geoIR 40/30/30A (c)-aveIR (years) 0-1 92 82 76 1-2 100 89 90 2-3 72 64 66 3-4 65 58 62 4-5 69 62 63 5-6 54 49 50 6-7 54 49 54 7-8 51 47 50 8-9 57 53 61 9-10 58 54 57 Age (a) 50/25/10/15 (d)-aveIR Average all models (years) 0-1 86 84 1-2 94 93 2-3 67 67 3-4 63 62 4-5 67 65 5-6 52 51 6-7 55 53 7-8 51 50 8-9 63 59 9-10 59 57 Abbreviations: aveIR, arithmetic mean ingestion rate; geoIR, geometric mean ingestion rate.
p] are reduced to ordinary arithmetic mean, geometric mean, and harmonic mean, respectively.
The two sets of weight results obtained from the operation results of M-GSO algorithm and the arithmetic mean are considered as feasible solutions of weights for the elements [u.
To determine whether the differences in arithmetic means are meaningful ANOVA was used and to determine the differences within the groups Scheffe test is utilized.
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The stark differences between the federal and private-sector wage distributions indicate that following the standard approach of estimating a log-linearized wage model would lead to an inaccurate comparison of the arithmetic mean of wages between the sectors.
Then trimmed winsorized and modifiedmeans were used instead of arithmetic mean in ANOVA and type-I error rates were estimated under these circumstances.
Geometric and arithmetic means for mean years of schooling and for income are calculated with the Microdata samples provided by the American Community Survey (U.
The arithmetic mean provides a value of the variable which represents the centre of gravity of the distribution (in which the distribution of observations is balanced).
To define the Heinz means we take the arithmetic mean and let the arguments vary between x, y and their geometric mean.
If the chronological series is of intervals, the average is calculated as an arithmetic mean.