Arithmetic Mean

\bar{x} = \frac{1}{n}\sum_{i=1}^{n} x_i

Description

Calculates the average of a dataset.

Variables

Symbol	Meaning
`x̄`	Mean
`n`	Number of values
`xᵢ`	Individual values

Example

Problem

Mean of 2,4,6,8,10

Solution

(2+4+6+8+10)/5 = 6

Real-World Applications

Data analysis
Research
Quality control