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Earn +20 ptsQ: What does it mean to be a storehouse of value?
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Continue Learning about Statistics
How extreme value affect mean?
An extreme value will drag the mean value towards it.
What is population mean in statistics?
The population mean is the mean value of the entire population. Contrast this with sample mean, which is the mean value of a sample of the population.
What does a negative z value mean?
Negative z value means that the raw dat is below the mean, if z value is positive it means that the raw data is above the mean.
Is the mean value the same as th 50th percentile value?
No, it is not.
What is the shape of the distribution of the mean of a sample?
The mean of a sample is a single value and so its distribution is a single value with probability 1.
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