A commonly used measure of the center of a batch of numbers. The mean is also called the average. It is the sum of all observations divided by the number of (nonmissing) observations.
Term | Description |
---|---|
xi | ith observation |
N | number of nonmissing observations |
The sample standard deviation provides a measure of the spread of your data. It is equal to the square root of the sample variance.
Term | Description |
---|---|
x i | i th observation |
mean of the observations | |
N | number of nonmissing observations |