Assumed mean method of formula?
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Assumed mean
In statistics the assumed mean is a method for calculating the arithmetic mean and standard deviation of a data set. It simplifies calculating accurate values by hand. Its interest today is chiefly historical but it can be used to quickly estimate these statistics.[1]There are other rapid calculation methodswhich are more suited for computers which also ensure more accurate results than the obvious methods.
In statistics the assumed mean is a method for calculating the arithmetic mean and standard deviation of a data set. It simplifies calculating accurate values by hand. Its interest today is chiefly historical but it can be used to quickly estimate these statistics.[1]There are other rapid calculation methodswhich are more suited for computers which also ensure more accurate results than the obvious methods.
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