Mean: The average of a set of N numbers. Below are the fundamental equations used for finding the mean.
Example
Note: Since all the observations were included in the calculation of this mean, it is referred to as the population mean.
The mean of a set can be measured in two ways, either as a population mean or as a sample mean.
The sample mean is used more often than population mean in engineering applications. It is used because it might be impossible to attain all the data, or there might be impossible to process all the data, or there is a specific period of time when the testing must be done. In these situations a good generalization of data results can be obtained from the sample mean.
The mean is a popular Statistical Measure because:
The mean is the center of gravity of the data, and for the most part, is better to use with other statistical measurements.
The major disadvantage to the use of the statistical mean is that it
can be affected by extreme values in the data set and therefore be biased.
Mean:
Monkey Number of Jumps
Bubba 6
Waldo 3
Edna 2
Fred 7
Buford 9
Elizabeth 16
Harvey 4
Nelson 8
Pete 1
Barbara 6
Herbert 5
Johnny 10
Red 11
Catherine 3
Willard 15
Mean: