Arithmetic Average or Mean: BY Vansh Karel Sohum Taparia Anchit Gupta Bhuvas Singh Tomar
Arithmetic Average or Mean: BY Vansh Karel Sohum Taparia Anchit Gupta Bhuvas Singh Tomar
OR MEAN
BY
VANSH KAREL
SOHUM TAPARIA
ANCHIT GUPTA
BHUVAS SINGH TOMAR
MEANING OF MEAN
"Arithmetic Mean is the number obtained by dividing the total values of different
items by their number" we use this method in our everyday lite. It is a popular
and most widely used measure
It is the most popular and widely used measure of central tendancy, representing
the entire data by a single value.
KINDS OF MEAN
1)DIRECT METHOD
2)SHORT CUT METHOD(ASSUMED MEAN)
3)STEP DEVIATION METHOD
IRECT METHOD OF MEAN
IS CALCULATED BY THE FOLLOWING FORMULA:
WHERE,
d = Xi – A
The direct method of computation of arithmetic mean can be used when the items in the series
are less. If items are more and figures are big, there would be difficulty in calculating the mean.
This difficulty can be solved by using the short-cut method. We can assume any figure as the
mean and deviations from this arbitrary mean is calculated. To get the arithmetic mean the total
of the deviations from assumed mean is calculated. This total is divided by the number of
observations and finally the product is added to the assumed mean.
STEP DEVIATION METHOD OF
MEAN
We can further simplify the short cut or assumed mean method. All
deviations taken by assumed mean are divided by common factor.
THE FOLLOWING IS THE FORMULA FOR FINDING MEAN WITH STEP DEVIATION METHOD:
And
C = class width
TYPES OF SERIES FOR
CALCULATION