Part 7:
Statistical Calculations

Mean and Standard Deviation

The most common statistic which is used when making comparisons between various sets of numbers is the mean.

The mean of a set of numbers is the arithmetic average of those numbers, i.e. the total of the numbers divided by the number of numbers there are.

But knowing just the average of a set of numbers is often not enough. We need to know how the numbers are spread out about the mean.

In fact, the mean can often give a wrong impression about a set of data, and can be dragged out of its expected position by even one number which is much larger, or much smaller, than all the rest.