What is Mean?
Mean is the sum of all the values in the data set divided by the number of values in the data set. It is also called the Arithmetic Average. Mean is denoted as x̅ and is read as x bar.
The formula to calculate the mean is:
Mean Symbol
The symbol used to represent the mean, or arithmetic average, of a dataset is typically the Greek letter “μ” (mu) when referring to the population mean, and “x̄” (x-bar) when referring to the sample mean.
- Population Mean: μ (mu)
- Sample Mean: x̄ (x-bar)
These symbols are commonly used in statistical notation to represent the average value of a set of data points.
Mean, Median and Mode
Mean, Median, and Mode are measures of the central tendency. These values are used to define the various parameters of the given data set. The measure of central tendency (Mean, Median, and Mode) gives useful insights about the data studied, these are used to study any type of data such as the average salary of employees in an organization, the median age of any class, the number of people who plays cricket in a sports club, etc.
Let’s learn more about the Mean, Median, and Mode Formulas, Examples, and FAQs in this article.
Table of Content
- Measures of Central Tendency
- What are Mean, Median, and Mode?
- What is Mean?
- What is Median?
- What is Mode?
- Symbol of Mode
- Relation between Mean Median Mode
- What is Range?
- Differences between Mean, Median and Mode
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