Scholars often consider the arithmetic mean as the only mean available. This gives rise to several mistakes. Thus, in a first course in statistics, it is necessary to introduce them to a more general ...

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 ...

First in a series. We asked ChatGPT which method is the best for examining portfolio returns. Then we asked our expert. Editor’s note: Today, we begin a new series in which we ask ChatGPT questions ...