Tag: Avg

Descriptive Statistics: Calculating the Mean in Various Data Series

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The mean (average) is one of the most valuable and most frequently used measures in descriptive statistics. Why is it so widely used, and why is it important to know how to calculate the arithmetic mean? Perhaps the most convincing argument is that the mean is used in virtually every area of life. With the arithmetic mean, you can calculate the average daily television viewing time for citizens of a given country, average volume of coffee drunk by a typical American, average annual temperature in your city, or the average amount you spend on food in a typical week.