Average of all observations in a set of data is known as
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mean is also known as average
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The average of all observations in a set of data is known as the arithmetic mean.
- Arithmetic mean is taking an average of all the observations in the given series.
- Its formula is the sum of all observations given in the series divided by the total number of observations in the series.
- Arithmetic mean is used not only in mathematics or statics but in real life too. Some real-life examples of arithmetic mean finding per capita income, the average score in sports, measuring annual rainfall, etc.
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