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Basic concepts in statistics. The group of individuals about which information is collected.… The study of the collection, analysis, interpretation, present… A collection of facts, such as values or measurements.... The average of the numbers: a calculated "central" value of a… Adding up all the numbers,...What is the formula for Statistics?
Population Mean Formula. Population Mean is the mean of all the values in the population. Use the below population mean formula to calculate the mean of the population statistics for the given numbers. The population mean formula is given as μ = ( ∑X ) / N Where, μ = Population Mean, X = Individual Items in the Group and N = Number of Items in the Group.