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.
The first currency listed in a forex pair is called the base currency, and the second currency is called the quote currency. The price of a forex pair is how much one unit of the base currency is worth in the quote currency. So in the above example, GBP is the base currency and USD is the quote currency. If GBP/USD is trading at 1.35361, then one pound is worth 1.35361 dollars.