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  2. Mid-range - Wikipedia

    en.wikipedia.org/wiki/Mid-range

    Mid-range. In statistics, the mid-range or mid-extreme is a measure of central tendency of a sample defined as the arithmetic mean of the maximum and minimum values of the data set: [1] The mid-range is closely related to the range, a measure of statistical dispersion defined as the difference between maximum and minimum values.

  3. Central tendency - Wikipedia

    en.wikipedia.org/wiki/Central_tendency

    Midrange the arithmetic mean of the maximum and minimum values of a data set. Midhinge the arithmetic mean of the first and third quartiles. Quasi-arithmetic mean A generalization of the generalized mean, specified by a continuous injective function. Trimean the weighted arithmetic mean of the median and two quartiles. Winsorized mean

  4. Median - Wikipedia

    en.wikipedia.org/wiki/Median

    The median of a finite list of numbers is the "middle" number, when those numbers are listed in order from smallest to greatest. If the data set has an odd number of observations, the middle one is selected. For example, the following list of seven numbers, has the median of 6, which is the fourth value.

  5. Average - Wikipedia

    en.wikipedia.org/wiki/Average

    The median is the middle number of the group when they are ranked in order. (If there are an even number of numbers, the mean of the middle two is taken.) Thus to find the median, order the list according to its elements' magnitude and then repeatedly remove the pair consisting of the highest and lowest values until either one or two values are ...

  6. Middle-range theory (sociology) - Wikipedia

    en.wikipedia.org/wiki/Middle-range_theory...

    Middle-range theory, developed by Robert K. Merton, is an approach to sociological theorizing aimed at integrating theory and empirical research. It is currently the de facto dominant approach to sociological theory construction, [1] especially in the United States. Middle-range theory starts with an empirical phenomenon (as opposed to a broad ...

  7. Log-normal distribution - Wikipedia

    en.wikipedia.org/wiki/Log-normal_distribution

    Log-normal distribution. In probability theory, a log-normal (or lognormal) distribution is a continuous probability distribution of a random variable whose logarithm is normally distributed. Thus, if the random variable X is log-normally distributed, then Y = ln (X) has a normal distribution.

  8. ‘Uncertainty is underrated’: Here’s the real reason markets ...

    www.aol.com/finance/uncertainty-underrated-real...

    For many people, uncertainty is something to avoid or at least mitigate. People often talk more about the downside to uncertainty than its upside. There’s even a term, loss aversion, that ...

  9. Mode (statistics) - Wikipedia

    en.wikipedia.org/wiki/Mode_(statistics)

    Mode (statistics) In statistics, the mode is the value that appears most often in a set of data values. [1] If X is a discrete random variable, the mode is the value x at which the probability mass function takes its maximum value (i.e., x=argmaxxi P (X = xi) ). In other words, it is the value that is most likely to be sampled.

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