is the Mean of all possible values of any variable. Value of Mean is nothing but the same as that of arithmetic average or arithmetic mean, whereas each of the data given contributes equally to the given data set. Average basically behaves similar to the arithmetic average or arithmetic mean. The term average can also be called arithmetic average or harmonic average.
The most widely used method of calculating an average is the ‘mean’. Mean is calculated by taking the sum of all the values of the given data set to divide it by the total number of values of the given data set.
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