Arithmetic average is a value often used in statistics, which is calculated as the arithmetic average of the values.
If we have a set of
n
values. Let's call them
x1, x2, …, xn.
To get the average, add all
xi
and divide the result by
n.
\(
\overline{x} = \dfrac{x_1 + x_2 + ... + x_n}{n}
\)