The simple definition of a mean is that of a numeric quantity which represents the center of a collection of numbers. Here the trick lies in defining the exact type of numeric collection, as beyond ...

The formula of Mean: In statistics, "mean" is a measure of central tendency, calculated by summing up all the values in a dataset and dividing by the number of data points. The single numerical value ...

An unfortunate misinterpretation of Canadian case law has discouraged appraisers from using the arithmetic mean to average sale values. Appraisers should have no reservations about averaging sales ...