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.
1 The type of currency you are spending, or getting rid of, is the base currency. 2  The currency that you are purchasing is called quote currency. 3  In forex trading, you sell one currency to purchase another. 4  The exchange rate tells you how much you have to spend in quote currency to purchase base currency. In forex trading, you sell one currency to purchase another. 2  The exchange rate tells you how much you have to spend in quote currency to purchase base currency. 3  A long position means that you want to buy the base currency and sell the quote currency.