What is the difference between the arithmetic mean and average?
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Average can simply be defined as the sum of all the numbers divided by the total number of values.Average is usually present as meanor arithmetic mean. Mean is simply a method of describing the averageof the sample. ... The arithmetic mean is considered as a form ofaverage.
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Arithmetic mean=sum of observations ÷no.of observations.
Average=sum of observations ÷2
That's the difference !
Example: 1,2,3,4,5
Arthmetic mean=15÷5=5
Average=15÷2=7.5
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