The Formula to Determine the Arithmetic Mean or Average of a Set

question 5

True/False

The formula to determine the arithmetic mean or average of a set of n numbers is $\bar{X}=\frac{\sum X}{n-1}$ , where $\bar{X}$ is the arithmetic mean of numbers in a set of data, and $\sum X$ represents the sum of the numbers in the data set.

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Definitions:

Business Decision Making

The process by which business leaders and managers choose among alternatives to achieve organizational goals efficiently and effectively.

Local Human Capital

The collective skills, knowledge, and abilities of individuals within a specific local area or community.

Corporate Human Capital

Represents the collective knowledge, skills, and abilities of an organization’s workforce and their value to the company.

International Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country on a global scale.