That is, when price takers make orders, they must accept the price offered by another investor. A price taker may be an individual or a (small) company. A price taker contrasts with a price maker, which makes orders of sufficient quantity to affect the market price. price taker.
(July 2013) In mathematics and statistics, the arithmetic mean (/ËÃ¦rÉªÎ¸ËmÉtÉªk ËmiËn/), or simply the mean or average when the context is clear, is the sum of a collection of numbers divided by the number of numbers in the collection. The collection is often a set of results of an experiment, or a set of results from a survey.
Mean (or arithmetic mean) is a type of average. It is computed by adding the values and dividing by the number of values. Average is a synonym for arithmetic mean â which is the value obtained by dividing the sum of a set of quantities by the number of quantities in the set. An example is (3 + 4 + 5) Ã· 3 = 4. The average or mean is 4. Two other common forms of averages are the median and mode. The median is the middle value of the set when they are ordered by rank â or the point in a series of numbers above and below which is half of the series.