what is assumed mean in the following and why it is ??
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In statistics, the assumed mean method is used for calculating mean or arithmetic mean of a grouped data. This method helps in reducing the calculations and results in small numerical values. This method depends on estimating the mean and rounding to an easy value to calculate with.
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In statistics, the assumed mean method is used to calculate mean or arithmetic mean of a grouped data. This method depends on estimating the mean and rounding to an easy value to calculate with. ... Again this value is subtracted from all the sample values.
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