The Mean, often referred to as the average, is a single score that provides a typical value for all of the scores in a data set. It is calculated by summing all the values in the data set and then dividing by the number of values.
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What is the mean of a data set?
If you made $20, $120, $30, $50, and $180 in tips from Monday to Friday respectively, what is your average daily earning?
(…or two monthly installments of $99.50)