Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Arithmetic Average or Mean
The arithmetic mean is the most widely and the most generally understandable of all the averages. This is clear from the reason that when the term mean is used alone it always refers to the arithmetic mean. According to croxton and Cowden ,The arithmetic mean of a series of items is obtained by adding the value of the items and dividing by the numbers of in the words of H Sadist , Arithmetic mean is the amount secured by living the sum of values of the items in a series by their number F. C.Mills says the arrhythmic mean is the centre of gravity of a distribution .
Kinds of Arithmetic Mean: The arithmetic mean is of two kinds
(1) Simple Arithmetic Mean
(2) Weighted Arithmetic Mean
(1) Simple Arithmetic Mean: When all the values of a statistical series are given equal importance, the values is divided by number of items it is called simple Arithmetic Mean.
(2) Weighted Arithmetic Mean: Sometimes a statistical series comprises of different values of different importance. As such it becomes essential to give weight age to different values according to their relative important which are called weight. As such the different values are multiplied with their respective weight. The total of the product so obtained is divided by the total of weights. The quotient is called weighted arithmetic mean.
Uses Arithmetic mean is widely used because of the following reasons: Mean is the simplest average to understand and easy to compute. It
Risk of Portfolios So far, we have seen the application of standard deviation in the context of risk in single investment. But usually most investors hold portfolios of securi
Statistical Process Control The variability present in manufacturing process can either be eliminated completely or minimized to the extent possible. Eliminating the variabilit
Exercise: (Binomial and Continuous Model.) Consider a binomial model of a risky asset with the parameters r = 0:06, u = 0:059, d = 0:0562, S0 = 100, T = 1, 4t = 1=12. Note that u
Sequential Sampling Under this method, a number of sample lots are drawn one after another from a universe depending on the results of the earlier samples. Such sampling is gen
Weighted Arithmetic Mean Another aspect to be considered is the importance we assign to each observation. The arithmetic mean as we calculated it so far gives equal
You are given the differential equation dy/dx = y' = f(x, y) with initial condition y(0 ) 1 = . The following numerical method is also given: where f n = f( x n , y n )
how to write result in the end of price index number problem
difference between large sample test and small sample test
Two individuals, player 1 and player 2, are competing in an auction to obtain a valuable object. Each player bids in a sealed envelope, without knowing the bid of the other player
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd