About Population Mean Formula
If all possibilities are equal, the ratio that adds the values to the number of the value is the population mean. A population mean includes every element from the set of possible observations. Get the List of all Maths formulas in one place.
The population mean can be calculated using the formula:
Here, ∑Xi is the Sum of the values, N is the Number of the value
Question: Find the population mean of the following numbers 1, 2, 3, 4, 5.
- Solution: It is given that, Xi = 1, 2, 3, 4, 5
- = 1 + 2 + 3 + 4 + 5 = 15
- N = 5
- Population Mean = = 15/5 = 3
- Population Mean = 3