In this article we construct an upper prediction limit for the arithmetic mean of a future sample from a lognormal distribution. First, we present three approximate distributions for the total of the ...

Generalized quasi-arithmetic means extend the classical concept of averaging by employing continuous, strictly monotonic functions to transform and then re-transform data. Originally introduced to ...

The simple definition of a mean is that of a numeric quantity which represents the center of a collection of numbers. Here the trick lies in defining the exact type of numeric collection, as beyond ...

Python has some wonderful libraries for statistical analysis, but they might be overkill for simple tasks. The built-in statistics library might be what you want instead. Here are some things you can ...