Computing and comparing arithmetic means -either simple or weighted within-group averages of the input data -is a familiar and well-studied statistical process. This is the right approach to ...

In the Chestnut Street example, the median income is $50,000. Finding the median is easier when there are an odd number of values. In the example above, which has five values, 103 Chestnut is right in ...

Generalized quasi-arithmetic means extend the classical concept of averaging by employing continuous, strictly monotonic functions to transform and then re-transform data. Originally introduced to ...