Showing posts with label Sample Mean. Show all posts
Showing posts with label Sample Mean. Show all posts

Sample Mean Formula

Sample Mean Formula

Sample Mean: What It Is and How to Calculate It

In statistics, the sample mean is a commonly used measure of central tendency that represents the average value of a sample of data. It is calculated by adding up all of the values in the sample and dividing by the number of values.

For example, let's say we have a sample of test scores for 10 students:

78, 85, 92, 76, 89, 80, 87, 84, 91, 83

Business Analytics

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