The mean, often referred to as the average, is a measure of central tendency that is calculated by adding up all the values in a dataset and then dividing by the number of values. It provides a useful summary of a dataset and is widely used in various fields including mathematics, statistics, finance, and everyday life.
To calculate the mean of a set of numbers, follow these simple steps:
\(\text{Mean} = \frac{\sum \text{Values}}{\text{Number of Values}} \)
Consider the dataset: 5, 8, 12, 20, 15
Use our handy calculator below to find the mean of your dataset quickly and accurately.
Calculating the mean by hand can be time-consuming, especially for large datasets. Our mean calculator provides a quick and error-free way to compute the average, allowing you to focus on analyzing your data and drawing insights.
The mean is used in various scenarios such as:
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