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Mean Value

  • Soo Hong Chew
Part of the The New Palgrave book series (NPA)

Abstract

What is mean value? Conventional wisdom tells us that it represents, typifies or in some way measures the central tendency of a distribution. Familiar examples of mean value include the median, mode, arithmetic mean, geometric mean, harmonic mean and root-mean-square or more generally the rth root of the rth moment of a positive random variable.

Keywords

Income Inequality Probability Distribution Function Social Welfare Function Moral Worth Quasi Linear 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1990

Authors and Affiliations

  • Soo Hong Chew

There are no affiliations available

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