The notion that all statistics will fall within a range containing all statistical possibilities no matter how far from the statistical mean any one statistic may be, and that most statistics will fall close to the statistical mean.
Something like...
A is the mean point.
X is the furthest removed statistical possibility from A.
M is any other statistic.
n is the any real number.
X = A + n
|M| - |A| < |n|
MOST statistics will fall close to the mean.
(Sorry if it sounds like B.S... I'm a high school drop out and I made it up on the fly.)
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Averages are used in everyday life when you are doing your shopping and you need to find out the average price of an item. That way, you will be able to know which shops might do that item for a cheaper price.
The histogram is symmetrical
The arithmetic mean is used in fields like statistics and economics. The arithmetic mean is the average of a group of numbers. It can be used to find test averages for students and in sports to find player averages
it means something that is chosen out of several averages.
It averages every year doesn't it?