Arithmetic mean is calculated by adding all the numbers in a given set and then dividing by the total number of items within that set. Learn different arithmetic mean formulas used for different types of data.
In this case, to be able to calculate an average household income, rather than using values or 1-5, the category values would be coded with income range midpoints: RangeOriginal CodeNew Code Less than $15,00017500 $15,001 to $45,000230000 ...
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M=rise/run M stands for slope. Your goal is to find the change in the height of the line over the horizontal distance of the line. First, look ata graph of a lineand find two points, 1 and 2. You can use any two points on a line. The slope will be the same between any two ...