Arithmetic mean formula: Guide to Arithmetic Mean Formula

Guide to Arithmetic Mean Formula. Here we will learn how to calculate Arithmetic Mean with examples, a Calculator, and an excel template. The arithmetic mean or mean is the simplest way to calculate the average for the given set of numbers. It is classified into two different types, namely simple arithmetic mean and weighted arithmetic mean. Guide to what is Arithmetic Mean. Here, we explain the concept with its formula, examples, vs geometric mean, merits, demerits & uses. Learn how to calculate the arithmetic mean of a set of observations using the formula X = ΣX n X = Σ X i n, where i varies from 1 to n. See solved examples and FAQs on arithmetic mean formula in statistics.