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No. The three averages are mean, mode and median. Mean is the total values divided by the number of values; mode is the number occurring most often; median is the middle value (or the value halfway in between the two middle values) when all values are in order. What you have described is basically the maximum (highest/best value) times the number of values, which has no major use in statistics.
What else can I help you with?
What is the best average to use?
The best average to use depends on the specific context and the type of data being analyzed. Common types of averages include the mean, median, and mode. The mean is often used for symmetric data, the median is useful for skewed data, and the mode is appropriate for categorical data. It's important to choose the average that best represents the central tendency of the data.
What is the best definition of this termMean (in data analysis)?
the average, the sum
What is the average life of the 2 dollar bill?
For U.S. $2 bills, there is no data regarding their average lifespan. The reason for this is because they are often regarded as collectables and are not spent or circulated nearly as much as other denominations.
When are is not significantly different from 0 the best predictor of y is the of the data values of y?
average
True or false in a data plot about half the data points will lie below the line of best fit?
True. In a data plot, the line of best fit represents the average trend of the data. Therefore, approximately half of the data points should lie below the line of best fit and half should lie above it if the data is evenly distributed.
If you have collected data on the average wing span and height of 5 different birds What is the best graph to use to display this data?
double-bar graph
How data becomes information after processing?
Data being a raw collection of facts turn into Information after processing. This processing involves what can be regarded as organization of data into interpretable format
Is Google worthless?
No, the Google search engine is highly regarded by "Big Data" researchers.
What do you call the average of a set of data?
The average of a set of data is known as its "mean."
What is a best-fit-line?
A best-fit line is the straight line which most accurately represents a set of data/points. It is defined as the line that is the smallest average distance from the data/points. Refer to the related links for an illustration of a best fit line.
What does mean deviation tells us about the data?
It is a measure of how variable the data is. The average distance from the average.
How long does it take the average computer guru to get data recovery in a raid?
It all depends on how encrypted the data is. Sometimes these searches can take as little as a day other times it may take months.
