Determine the mean of the subsequent numbers:
Example:
5, 7, 1, 3, 4
Solution:
where
x' = the mean
n = the number of values (data) = 5
x_{1} = 5, x_{2} = 7, x_{3} = 1, x_{4} = 3, x_{5} = 4
Substituting
x' = (5 + 7 + 1 + 3 + 4)/5 = 20/5 = 4
4 is the mean.