The conversation between human and AI assistant.
How do I take assumed mean in statistics?
That seems easy enough. Can you give me an example?
Of course. Let's say you have these observations: 10, 15, 20, 25, 30. You assume the mean to be 20. Now, you find the deviations from 20. They are: -10, -5, 0, 5, 10. Next, you find the sum of these deviations, which is 0. Finally, you add this sum to the assumed mean to get the actual mean, which is 20.