The mean (or average) of a series of numbers of length n is defined as the sum of the numbers in the series divided by n. In formula form this is shown as follows:
For example: if our series of numbers is 1 2 3 4 5, then the mean is equal to.
The excel function for the mean is AVERAGE()
Used throughout the fellowship course as mathematical model, a description in mathematics terms of part of a system, that allows an analysis of certain aspects of that system. For example, a simulation model.