arfaengg
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Following number of transactions were observed in each hour of a day
9, 15, 11, 12, 3, 5, 10, 20, 14, 6, 8, 8, 12, 12, 18, 15, 6, 9, 18, 11, 12, 10, 6, 8
Calculate the true (simple) and weighted mean of the above sample values.
Also measure the range and variation in number of transactions observed during the whole day.
I have calculated true mean,range and variance, but don't know how to find weighted mean, as there are no weights mentioned. Kindly tell what is x and w in the weighted mean formula for this example.
Reply me soon pls.
9, 15, 11, 12, 3, 5, 10, 20, 14, 6, 8, 8, 12, 12, 18, 15, 6, 9, 18, 11, 12, 10, 6, 8
Calculate the true (simple) and weighted mean of the above sample values.
Also measure the range and variation in number of transactions observed during the whole day.
I have calculated true mean,range and variance, but don't know how to find weighted mean, as there are no weights mentioned. Kindly tell what is x and w in the weighted mean formula for this example.
Reply me soon pls.