Population Mean Formula
The ratio wherein the addition of the values to the number of the value is a population mean – if the possibilities are equal. A population mean include each element from the set of observations that can be made.
The population mean can be found using the following formula:
Where,
N = Number of the value
Solved Example
Question: Find the population mean of the following numbers 1, 2, 3, 4, 5.
Solution:
Given,
N = 5
Population Mean =
Population Mean = 3
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