Average Quiz Time: 20:00 Submit Quiz View Question Analysis Important one liner (Average) An average (mean) summarizes a set of numbers by dividing their total by the count of values. An outlier can significantly shift the average, so median may be more representative in skewed distributions. In data analysis, the arithmetic mean is sensitive to every value and is useful for normally distributed data. Weighted averages assign different importance to values by using weights in the summation. Geometric mean is used for rates of change, like growth rates, by multiplying values and taking the root. Harmonic mean applies when averaging ratios or speeds; it’s the reciprocal of the arithmetic mean of reciprocals. Moving average smooths time series data by computing the mean of fixed-length subsets sequentially. Simple average treats all data points equally, while trimmed me...
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