In probability and statistics, mean and expected value are used synonymously to refer to one measure of the central tendency either of a probability distribution or of the random variable characterized by that distribution.or a data set, the terms arithmetic mean, mathematical expectation, and sometimes average are used synonymously to refer to a central value of a discrete set of numbers: specifically, the sum of the values divided by the number of values.
Best Answer: FC, means Football Club. You will also see some rugby teams with RFC at the end of their name, this mean Rugby Foootball Club, they have the football club because Rugby was invented while People where playing football :].
TQM stands for Total Quality Management. Suggest new definition. This definition appears very frequently and is found in the following Acronym Finder categories: 1  Business, finance, etc.uring the past four years, the use of Total Quality Management programs has grown significantly, up to 39 percent in 1995, compared to 36 percent in 1994 and 23 percent in 1992.