Formula of Mean: Know to How to Calculate Median for Grouped, Ungrouped data along with solved examples, questions with solution.

In this example, we assume the winsorized mean is in the first order, in which we replace the smallest and largest values with their nearest observations. The data set now appears as follows: 5, 5 ...

The normal distribution formula is based on two simple parameters—mean and standard deviation—that quantify the characteristics of a given dataset.