A trimmed mean is a system of averaging numbers where a certain percentage of the smallest and largest values are excluded prior to calculating the average. In other words, averaging a set of numbers but excluding the “outliers”. Trimmed means are a way to smooth out data by minimizing the impact of outlier data points. Trimmed means are sometimes also referred to as truncated … [Read more...] about Basic Math: Trim Mean Average
Blueprint 4 Greenbacks
Uncle Todd's Money School
Recent Comments