The sum of several numbers divided by their count nicely summarizes the overall size of the numbers involved in a single value.

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1answer
41 views

Proper Weighted Average

If I have a 3x3 matrix of information where the row totals describe the total goods produced by a particular company and the column totals provide the total for a particular type of good for all ...
1
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1answer
149 views

CAGR, log of negative numbers

I am trying to calculate the Compound Annual Growth Rate (CAGR) of a number of companies using the Geometric mean of the annual growth of their EPS. Some of the EPS values are negative(loss making) ...
2
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3answers
96 views

Average of the smaller of three random numbers from $0$ to $1$

A friend of mine claims he saw the following question on a math puzzle site:- What is the average of the smaller of three random numbers from $0$ to $1$? And they've given these options:- $A) ...
0
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2answers
45 views

Simple integral related to average value of a function

Prove that $\displaystyle \int_0^{\frac{\pi}{2}} \sin^2 x\ dx = \int_0^{\frac{\pi}{2}} \cos^2 x\ dx$ by making the change of variable $x = \frac{1}{2}\pi - t$ in one of the integrals. This problem ...
2
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2answers
54 views

Rate of appearance of digits 7 and 8 in a given sequence

This is from Arnold's Mathematical Methods of Classical Mechanics: let us consider the sequence $$ 1,\ 2,\ 4,\ 8,\ 1,\ 3,\ 6,\ 1,\ 2,\ 5,\ 1,\ 2\ \ldots $$ which consists of the first digits of the ...
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1answer
40 views

Properties of weighted average ratio of weights

Suppose we have two sets of weights $w_i$ and $u_i$; i.e., $\sum w_i =\sum u_i = 1$, and $0 \le w_i \le 1$, $0 \le u_i \le 1$. Consider the weighted average ratio R of these weights: $R \equiv \sum ...
5
votes
7answers
753 views

3 trams are coming every 10, 15 and 15 minutes. On average, how long do I have to wait for any tram to come?

3 trams are coming to the stop every 10, 15 and 15 minutes. On average, how long do I have to wait for any tram to come? It's a practical problem, not some kind of a riddle for which I have a ...
1
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1answer
39 views

What is the name of this “generalized sum”?

I'm looking for the name of this quite basic function: $X=\sqrt[\alpha]{\sum_i{x_i^\alpha}}$ ($\alpha\in\mathbb R$) It's a kind of "generalized sum": $\alpha=1$ : $X=\sum_i{x_i}$ $\alpha\to\infty$ ...
0
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1answer
101 views

Weighted mean from a set of average and standard deviation pairs

I'm trying to replicate some math a professor did related to Twitter sentiment analysis. Basically, there is a sentiment dictionary, called ANEW, that contains a mean and standard deviation for 3 ...
1
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0answers
70 views

Deal or No Deal: Arithmetic, Median or Geomtric mean?

I'm trying to decide which type of mean is best to use when playing Deal or No Deal (in terms of comparing it with the Banker's offer). I realise the standard answer would be the arithmetic mean, but ...
5
votes
4answers
156 views

$x$ is equal to at least $51$ of $a_1,\frac{a_1+a_2}{2},\ldots,\frac{a_1+a_2+\ldots+a_{100}}{100}$. Prove that $2$ of $a_1,\ldots,a_{100}$ are equal.

If $x$ is equal to at least $51$ number of the array $a_1, \frac{a_1+a_2}{2},\ldots,\frac{a_1+a_2+\ldots+a_{100}}{100}$, prove that $2$ numbers of the array $a_1,a_2\ldots,a_{100}$ are equal. ...
0
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2answers
34 views

What formula would you use to cast an average of several numbers into a smaller range?

Say I have four numbers ranging in value from 15-95. If I want to, for a simple example, say that if the average of the four numbers is 15 (lowest possible value), that would relate to 2 on a scale of ...
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3answers
273 views

formula for converting a very long number to a fraction

What is the average (arithmetic mean) of 8, 7, 7, 5, 3, 2, and 2? the answer is $4\frac{6}{7}$. The sum of numbers is 34 and when you divide by 7 it's 4.8571428..... How can I get the fraction of ...
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1answer
65 views

Prove inequality of generalized means

Consider the generalized (power) mean of positive numbers $a_1, \dotsc, a_n$ $$M_p(a_1, \dotsc, a_n)=\left(\frac{a_1^p + \dotsb + a_n^p}{n}\right)^{1/p}\qquad p\in \mathbb{R}$$ where for $p=0$ we use ...
2
votes
3answers
67 views

Correct way to get average price

probably a basic question for a lot of you guys, but it was a subject of a friendly debate at my work earlier - needless to say none of the involved were accountants. In short, we are thinking about ...
7
votes
2answers
194 views

What does the $L^p$ norm tend to as $p\to 0$?

This is something I was thinking about, so I'm going to post it as a question and post my own answer. I hope that anyone who wants will comment, correct me if I'm wrong, and add their own knowledge ...
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3answers
95 views

Should you average or add together daily bank balanace averages?

I work in the finance field and I am looking at average balances on bank statements balances. When I have more than 1 bank statement I need to reflect the overall average balance between the ...
1
vote
1answer
174 views

Sum of weighted squared distances is minimized by the weighted average?

Let $x_1, \ldots, x_n \in \mathbb{R}^d$ denote $n$ points in $d$-dimensional Euclidean space, and $w_1, \ldots, w_n \in \mathbb{R}_{\geq 0}$ any non-negative weights. In some paper I came across the ...
5
votes
6answers
1k views

Confusion with the definition of mean value

For some reason the formula for mean started to trouble me: $$\mu = \frac{1}{b-a}\int_a^b f(x)\:dx$$ The reason this confuses me a bit is because when I read this formula I read it as: ...
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0answers
97 views

Calculate the value based on the number of people who assess the sheep.

I explain my situation. I have 30 sheep producing milk and 10 different customers that assess drinking it. To determine which of sheep milk is the best I would like to figure out how to establish a ...
2
votes
1answer
124 views

Rating System: Statistically significant with weighted entries

The title may be a bit confusing because I not exactly sure how to do/explain what I am after. I have judges rating an object on a score 1-100, where the majority of objects will in the range 85-95 ...
3
votes
1answer
25 views

Simplified Averages - Always true?

While working on an "average rating" function for a website, I came across an idea for simplified averages, but I want to confirm that it always works. If it does, I might be able to keep a running ...
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2answers
278 views

Working out a percentage of from values

Using the following numbers as an example: 293.21 478.93 485.44 544.78 569.48 593.82 I know how work out the average (mean) value: ...
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1answer
66 views

Moving averages and crossovers in stock markets?

Suppose I take a two moving averages to analyse stock market prices - one $200$ day moving average, $m_{200}$, and another $50$ day moving average, $m_{50}$. How do you decide when to sell and when ...
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1answer
44 views

is this or (when) does this equality hold for weighted power series

$s_n=\sum _{k=0}^n a_k$ for every $n$ and $x\in(0,1)$. Let $p=(p_n)$ is a sequence of nonnegative numbers with $p_0>0$ s.t $P_n= \sum_{k=0}^{n}p_k \rightarrow \infty$ as $n \rightarrow \infty$ ...
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0answers
20 views

Estimator of Absolute Error?

Given $X \sim B(n, p)$, we know that $\hat{p} = X / n$ is the obvious estimator for unknown parameter $p$, and the following quantity $$\frac{\hat{p}(1-\hat{p})}{n-1}$$ has the property that its ...
0
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2answers
81 views

Algorithm for finding lowest average grade difference

Given a class with n boys and n girls, in which the girls recieved the grades P1,...,Pn, and the boys recieved the grades S1,...,Sn in an exam, find a pairing of girl-boy in a way that minimizes the ...
1
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1answer
43 views

Difference between $\sum_{i=1}^{k}{\frac{s_i}{kn_i}}$ and $\frac{\sum_{i=1}^{k}{s_i}}{\sum_{i=1}^{k}{n_i}}$

I am getting confused at how to calculate the average probability. Suppose we repeat a kind of binary survey $k$ times each of which was done on a completely separate sample group. For each $i^{th}$ ...
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1answer
24 views

Normal Distribution with Regards to Time and Percentages

The length of time for students to complete a test is found to be normally distributed with mean 70 minutes and standard deviation 12 minutes. How long should the time for the test be if we wish for ...
3
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1answer
397 views

The Exponential decay.

I am studying semiconductor physics. there is a paragraph about Drude model in E.spenke's book "Electronic semiconductors" page 259 in art §9: "if on the average, a time $τ$ elapses between two ...
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1answer
89 views

Help with my math problem, New Average with a number deleted

A set of consecutive integers were written down: $1, 2, 3, 4, 5, ... x-1, x, x+1, ... n-2, n-1, n$ One number, $x$, is deleted. The arithmetic mean of the remaining numbers is $602/17$. What does ...
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1answer
215 views

find the average of a student [closed]

Five students in a closed room want to find average of their exam scores without revealing their personal score to each other. How can they do it? Hint: they can write something on paper and pass it, ...
0
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1answer
63 views

Calculate average speed with unknown variable accelaration

I am in the middle of a vehicle tracking project where I have to calculate the distance traveled by the vehicle in a given amount of time. Data I am getting: ...
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0answers
50 views

Minimum sample size to obtain population mean?

Knowing the average of a population, how could I evaluate an expected sample average based on k_sample? Data Info: Variance and standard deviation: $\sigma^2= 0.18500975256337462$ ...
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2answers
61 views

Average of percentage of 2 numbers.

If I have 24081 items sold at 45% off. and 11386 items sold at 60% off. What is the average percent off for all items sold? Thanks for your help in advance! Craig (This is not homework :) )
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1answer
95 views

Vote “0-10” dignity.

I have this problem very difficult for me to solve. I have a company and some employees. Each of them expresses an opinion on some apples of varying quality. The vote can be: ...
0
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2answers
324 views

Normalizing data to a given value.

I would like compare the data by normalizing it to a given value. for example: [20,30,40,50,60,70] How do I normalize the given set of elements to its first value, ...
2
votes
1answer
151 views

Arithmetic, Geometric, Harmonic Means

There are situations in which just one of the arithmetic, geometric, and harmonic means are appropriate to use an the other two are meaningless. Is there any situation which more than one of these ...
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0answers
70 views

How to find “approximate most common” value from a list of RGB values

I have about 50 equally sized photos of magazine covers, which I'm attempting to blend into one composite image that shows the "average" cover. Each of the covers has a single face on it, so the ...
0
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1answer
27 views

cal average speed

the following table represents the number of miles traveled per day by a hiker on his week-long excursion. Find the hiker's average speed in miles per day in the latter half of the week(days 4-7) Day ...
1
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1answer
60 views

The Average Speed of an object

I'm pretty sure this has more to do with fundamental Math than Physics and that is why I'm asking this here rather than Physics.SE Imagine some object travelling along a straight path from point $A$ ...
0
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2answers
109 views

Inverse Percentage.

Sorry for asking this foolish question. Here is the data i have. I purchased the product as $5 and additional fee is 2%. So Here is the total dollor ...
0
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1answer
24 views

Set of Points into Two Groups with Same Average?

What kind of algorithm using MATLAB or done by hand will allow someone, given a set of data points, to divide them into two groups with as close of an average as possible?
1
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1answer
544 views

Mean/ Expected Value of $X^4$

$\def\Var{\mathop{\rm Var}}$Can anyone help me prove that Expected Value of $X^4$ is $3\Var(X)^4$, if the Expected Value of $X$ is zero and $\Var(X)$ is the Variance of $X$? Thanks!
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3answers
42 views

Average value of recurrent function.

Given a function f(x) = a*f(x-1) where a is a number between 0 and 1, what is the average value of ...
2
votes
1answer
82 views

Game of bullets

Lets say with have a game with 10 targets. In each turn the participant shoots X number of different and random targets, where X is a random whole number between 0 and 10 (included). Game ends when ...
0
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1answer
36 views

what “average” to use that will give the most relevant value f0r portfolio

My assignment requires me to find return on capital, industry wise for the loan portfolio classified into various industry/sector, the data fields are : ... Name of account|industry|Outstanding ...
2
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1answer
109 views

Geometric Mean of an Interval

Is there any way to calculate one? If it't not clear what I mean, here's an example: Starting with an initial value, keep multiplying it by some random amount on the interval [1, 2] at regular ...
1
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0answers
342 views

Bar Mean vs Bracket Mean

I know that the standard representation for the average of a data set: $$ \bar{x} = \frac{1}{N} \sum_{i}^N{x_i} $$ I have also ran into an average denoted as $\langle x \rangle$. This notation is ...
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0answers
32 views

Is $x_1^{\alpha_1} + \dotsb + x_n^{\alpha_n}\geq x_1^{h/n}\dotsb x_n^{h/n}$ an example of power means?

I learned here that there is a relation between weighted means of the form $x_1^{\lambda_1}\dotsb x_n^{\lambda_n}$ and $(\lambda_1 x_1^r + \dotsb + \lambda_nx_n^r)^{1/r}$, namely that the former is ...