Mean Formula: Check what is mean, its definition and its formula here. Also, get solved examples of calculating mean for grouped and ungrouped data using direct mean formula and assumed mean method.

The simple definition of a mean is that of a numeric quantity which represents the center of a collection of numbers. Here the trick lies in defining the exact type of numeric collection, as beyond ...

Generalized quasi-arithmetic means extend the classical concept of averaging by employing continuous, strictly monotonic functions to transform and then re-transform data. Originally introduced to ...