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Mean is the average value of the given set of observations. In statistics, we also come across different types of mean such as Arithmetic, Geometric and Harmonic mean. Leant how to find the mean here.
The meaning of STATISTICAL is of, relating to, based on, or employing the principles of statistics. How to use statistical in a sentence.
ˈmeanness n mean (miːn) n 1. the middle point, state, or course between limits or extremes 2. moderation 3. (Mathematics) maths a. the second and third terms of a proportion, as b and c in a/b = c/d b. another name for average2 See also geometric mean 4. (Statistics...
In this case, The weighted arithmetic mean also is used in statistical analysis of grouped data: each number xi is the midpoint of an interval, and each corresponding value of wi is the number of data points within that interval. For a given set of data, many possible means can be ...
A statistical measurement of central tendency or average of a set of values, usually assumed to be the arithmetic mean unless otherwise specified. [M.E., mene fr. O.Fr., fr. L. medianus, in the middle] Farlex Partner Medical Dictionary © Farlex 2012 mean Statisticsnoun The sum of ...
Intermediate in excellence of any kind. According to the fittest style of lofty, mean, or lowly. Milton. 3. (Math.) Average; having an intermediate value between two extremes, or between the several successive values of a variable quantity during one cycle of variation; as, mean ...
The use of man1 to mean “human being,” both alone and in compounds such as mankind, has met with objection in recent years, and the use is declining. The objection is based on the idea that man is most commonly used as an exclusive, gender-marked noun meaning “male human being.”...
An event study, also known as event-history analysis, employsstatisticalmethods, using time as the dependent variable and then looking for variables that explain the duration of an event—or the time until an event occurs. Event studies that use time in this way are often employed in theinsura...
A z-test is a statistical test used to determine whether two population means are different when the variances are known and the sample size is large. It can also be used to compare one mean to a hypothesized value. The data must approximately fit anormal distribution, otherwise the test do...