SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: rhet0ric who wrote (8763)2/25/1998 10:08:00 AM
From: Sowbug  Respond to of 213173
 
Arithmetic mean = sum of members in a sample divided by number of members in the sample.

Median = a value that is exceeded by half the members of the sample.

When people say "average," they usually mean "arithmetic mean."



To: rhet0ric who wrote (8763)2/25/1998 10:43:00 AM
From: Eric Yang  Read Replies (3) | Respond to of 213173
 
Actually, I believe "mean" is the middle term in a series. It's usually close to the average, but sometimes it can be significantly different. For instance, in the series "1,1,1,1,16" the mean is 1 but the average is 4

Nope...you've got it backwards.
"Mean" = average = arithmetic mean
"Median" = a value among a series where there would be equal number of values above and below

Hehe...guys this is SI. We're suppose to know this like the back of our hands. I've signed all of us up for Statistics 101. ;-)

Eric