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 currency that is used as the reference is called the counter currency, quote currency or terms currency and the currency that is quoted in relation is called the base currency or transaction currency.f a EUR/USD position is closed out with a profit in USD by a British bank, then the rate-to-base will be expressed as a GBP/USD rate. This ambiguity leads many market participants to use the expressions currency 1 (CCY1) and currency 2 (CCY2), where one unit of CCY1 equals the quoted number of units of CCY2.