1- Understanding Mean

Ankit Gupta
Sep 9, 2018 · 1 min read

Mean- The central value or average of discrete set of numbers i.e sum of values divided by the number of values

Population- A population is the number of inhabitants at a given place. No of inhabitants is denoted by N

Sample- A portion of population intended to represent the population. No of inhabitants in the portion is denoted by n

Population Mean- The arithmetic mean of the inhabitants in the population. It is denoted by Greek letter mu (μ).

Population Mean

Sample Mean- The arithmetic mean of the inhabitants in the sample. It is denoted by

Sample Mean
Ankit Gupta

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Ex Credit Suisse, Ex HSBC | My need for Freedom dominates my decisions | Want to go everywhere

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