The mean of 100 observations was calculated as 40. It was found later on that one of the observations was misread as 83 instead of 53. The correct mean is ?
Given-
To find- Correct mean
Solution- Wrong total sum = 4000
Correct total sum = 4000 - 83 + 53 = 3970
Correct mean = Total correct sum ÷ Number of observations = 3970 ÷ 100 = 39.7