Economics · Ch 11 — Measures of Central Tendency
How Arithmetic Mean is Calculated
11.2.1
How Arithmetic Mean is Calculated
The way the arithmetic mean is worked out depends on how the data is presented. Broadly, the calculation falls into two categories:
- Arithmetic mean for ungrouped data — a raw list of individual observations with no frequencies attached.
- Arithmetic mean for grouped data — observations arranged with frequencies, either as a discrete series (each value has a frequency) or a continuous series (values are grouped into class intervals). …