Find the arithmetic mean of 10 observations 14,36,25,28,35,32,56,42,50,62 by assuming mean as 40. Also find mean by regular formula. Do you find any difference
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Solution
∑x=380
n=10
Regularmean=¯x=∑xn=38010=38.
Assumedmean=40.
∴ Yes, there is a difference. Assumedmean exceeds Regularmean by 2.