Examlex
The total amount of simple interest calculated annually on a $6,000 note payable for 3 years at 11% is
Geometric Mean
The central tendency of a set of numbers that is calculated by taking the nth root (where n is the count of numbers) of the product of the values.
Weighted Mean
The mean obtained by assigning each observation a weight that reflects its importance.
Arithmetic Mean
The sum of a set of numerical values divided by the number of values, commonly referred to as the average.
Standard Deviations
A measure of the dispersion or spread of a set of numbers, showing how much variation exists from the average.
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