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.
The term 'average' refers to the âmiddleâ or âcentralâ point; when used in mathematics the term average refers to a number that is a typical representation of a group of numbers (or data set). Averages can be calculated in different ways-this page covers the Mean, Median and Mode.uick Giude: To calculate the Mean. Add the numbers together and divide by the number of numbers. (The sum of values divided by the number of values). To determine the Median. Arrange the numbers in order, find the middle number. (The middle value when the values are ranked) .