Business Mathematics and Statistics · Ch 8 — Measures of Central Tendency
Arithmetic Mean — Continuous Series
Arithmetic Mean — Continuous Series
In a continuous (grouped) series, observations are grouped into class intervals (e.g., 0–10, 10–20, …), each with a stated frequency . Because the individual values inside a class are not known separately, each class is represented by its mid-point , and the mean is then computed exactly as for a discrete series, treating the mid-points as the values.
Direct method:
Assumed-mean method: choose a convenient mid-point as , compute for every class, and apply
Step-deviation method: since class mid-points in a continuous series are always equally spaced by the class width , this method applies especially naturally here:
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The representative value of a class interval in a continuous series, equal to the average of its lower …