To calculate the sample mean x-bar, each researcher sums all the calorie counts for each scoop of ice cream. Thus, each researcher has summed together 20 values. Each researcher then divides that sum by the number of numbers summed together, which in this example is 20.
DEFINITION of 'Base Currency'. The first currency quoted in a currency pair on forex. It is also typically considered the domestic currency or accounting currency.For accounting purposes, a firm may use the base currency to represent all profits and losses.It is sometimes referred to as the primary currency.he first currency quoted in a currency pair on forex. It is also typically considered the domestic currency or accounting currency. For accounting purposes, a firm may use the base currency to represent all profits and losses. It is sometimes referred to as the primary currency.
DEFINITION of 'Convertible Currency'. A currency that can be readily bought or sold without government restrictions, in order to purchase another currency.A convertible currency is a liquid instrument when compared to currencies tightly controlled by a central bank or other regulating authority.Next Up. convertible currency is a liquid instrument when compared to currencies tightly controlled by a central bank or other regulating authority.