Averages in the context of Outlier


Averages in the context of Outlier

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⭐ Core Definition: Averages

An average of a collection or group is a value that is most central or most common in some sense, and represents its overall position.

In mathematics, especially in colloquial usage, it most commonly refers to the arithmetic mean, so the "average" of the list of numbers [2, 3, 4, 7, 9] is generally considered to be (2+3+4+7+9)/5 = 25/5 = 5. In situations where the data is skewed or has outliers, and it is desired to focus on the main part of the group rather than the long tail, "average" often instead refers to the median; for example, the average personal income is usually given as the median income, so that it represents the majority of the population rather than being overly influenced by the much higher incomes of the few rich people. In certain real-world scenarios, such as computing the average speed from multiple measurements taken over the same distance, the average used is the harmonic mean. In situations where a histogram or probability density function is being referenced, the "average" could instead refer to the mode. Other statistics that can be used as an average include the mid-range and geometric mean, but they would rarely, if ever, be colloquially referred to as "the average".

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Averages in the context of Central tendency

In statistics, a central tendency (or measure of central tendency) is a central or typical value for a probability distribution.

Colloquially, measures of central tendency are often called averages. The term central tendency dates from the late 1920s.

View the full Wikipedia page for Central tendency
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