Mean Value

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


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.


Income Inequality Probability Distribution Function Social Welfare Function Moral Worth Quasi Linear 
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© Palgrave Macmillan, a division of Macmillan Publishers Limited 1990

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  • Soo Hong Chew

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