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About Average Formula
The arithmetic mean is the ratio of the sum of all given observations to the total number of observations in the average formula. The arithmetic mean for every sample of data can thus be computed using the average formula.
What Is the Average Formula?
Let's take a closer look at the average formula and see how it's used in practice. For a given set of data and observations, the average formula is as follows:
Average Formula:
Average = (Sum of Observations)/(Total Numbers of Observations)
a1,a2,.....,an → Observations
n → Numbers of Observations
Hence, the average of all data points is also termed as mean.
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