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  2. Average - Wikipedia

    en.wikipedia.org/wiki/Average

    Average of chords. In ordinary language, an average is a single number or value that best represents a set of data. The type of average taken as most typically representative of a list of numbers is the arithmetic mean – the sum of the numbers divided by how many numbers are in the list. For example, the mean average of the numbers 2, 3, 4, 7 ...

  3. Arithmetic mean - Wikipedia

    en.wikipedia.org/wiki/Arithmetic_mean

    In mathematics and statistics, the arithmetic mean (/ ˌ æ r ɪ θ ˈ m ɛ t ɪ k / arr-ith-MET-ik), arithmetic average, or just the mean or average (when the context is clear) is the sum of a collection of numbers divided by the count of numbers in the collection. [1] The collection is often a set of results from an experiment, an ...

  4. Accuracy and precision - Wikipedia

    en.wikipedia.org/wiki/Accuracy_and_precision

    In this context, the concepts of trueness and precision as defined by ISO 5725-1 are not applicable. One reason is that there is not a single “true value” of a quantity, but rather two possible true values for every case, while accuracy is an average across all cases and therefore takes into account both values.

  5. Mean - Wikipedia

    en.wikipedia.org/wiki/Mean

    The arithmetic mean (or simply mean or average) of a list of numbers, is the sum of all of the numbers divided by their count.Similarly, the mean of a sample ,, …,, usually denoted by ¯, is the sum of the sampled values divided by the number of items in the sample.

  6. Sample mean and covariance - Wikipedia

    en.wikipedia.org/wiki/Sample_mean_and_covariance

    The sample mean is the average of the values of a variable in a sample, which is the sum of those values divided by the number of values. Using mathematical notation, if a sample of N observations on variable X is taken from the population, the sample mean is: ¯ = =.

  7. Weighted arithmetic mean - Wikipedia

    en.wikipedia.org/wiki/Weighted_arithmetic_mean

    The average student grade can be obtained by averaging all the grades, without regard to classes (add all the grades up and divide by the total number of students): ¯ = = Or, this can be accomplished by weighting the class means by the number of students in each class.

  8. Estimator - Wikipedia

    en.wikipedia.org/wiki/Estimator

    A desired property for estimators is the unbiased trait where an estimator is shown to have no systematic tendency to produce estimates larger or smaller than the true parameter. Additionally, unbiased estimators with smaller variances are preferred over larger variances because it will be closer to the "true" value of the parameter.

  9. Geometric mean - Wikipedia

    en.wikipedia.org/wiki/Geometric_mean

    The average percentage growth is the geometric mean of the annual growth ratios (1.10, 0.88, 1.90, 0.70, 1.25), namely 1.0998, an annual average growth of 9.98%. The arithmetic mean of these annual returns – 16.6% per annum – is not a meaningful average because growth rates do not combine additively.