Rangers made an operating loss of Â£14m on a turnover of Â£19.1m. Rangers raised a total of Â£35.2m in finance, Â£22m of which was from last Decemberâs Initial Public Offering of Shares. As of June, there was Â£11.2m cash left in the bank, which included Â£4.5m of season ticket renewal income.
Mean of Grouped Data. The mean (or average) of observations, as we know, is the sum of the values of all the observations divided by the total number of observations. If x1, x2,. . ., xn are observations with respective frequencies f1, f2, . . ., fn, then this means observation x1 occurs f1 times, x2 occurs f2 times, and so on.
In layman's terms, data in statistics can be any set of information that describes a given entity. An example of data can be the ages of the students in a given class. When you collect those ages, that becomes your data. A set in statistics is referred to as a population. Though this term is commonly used to refer to the number of people in a given place, in statistics, a population refers to any entire set from which you collect data.