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A weighted average, or weighted mean, is an average in which some data points count more heavily than others in that they are given more weight in the calculation. [6] For example, the arithmetic mean of 3 {\displaystyle 3} and 5 {\displaystyle 5} is 3 + 5 2 = 4 {\displaystyle {\frac {3+5}{2}}=4} , or equivalently 3 ⋅ 1 2 + 5 ⋅ 1 2 = 4 ...
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.
In game theory, "guess 2 / 3 of the average" is a game where players simultaneously select a real number between 0 and 100, inclusive. The winner of the game is the player(s) who select a number closest to 2 / 3 of the average of numbers chosen by all players.
The harmonic mean is an average which is useful for sets of numbers which are defined in relation to some unit, as in the case of speed (i.e., distance per unit of time): ¯ = (=) For example, the harmonic mean of the five values: 4, 36, 45, 50, 75 is
Twice (two times) as many as one. doubled. 100% Three 300% Two times more than one, twice more than one, or 200% more than one, because = +. Three times as many as one. tripled. 200% Four 400% Three times more than one, or 300% more than one, because = +. Four times as many as one. quadrupled. 300% Five 500%
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.
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Examples of equally spaced values are 10, 100, 1000, 10000, and 100000 (i.e., 10 1, 10 2, 10 3, 10 4, 10 5) and 2, 4, 8, 16, and 32 (i.e., 2 1, 2 2, 2 3, 2 4, 2 5). Exponential growth curves are often depicted on a logarithmic scale graph. A logarithmic scale from 0.1 to 100 The two logarithmic scales of a slide rule