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Trimmed Mean

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Trimmed Mean - definition(s)

Trimmed Mean - Compromise between the mean and median. Trimmed mean is defined as the mean calculated by trimming 5% data sets from the top and bottom of data sets. This helps to alleviate the distortion caused by extreme values from which the ordinary arithmetic mean suffers.

[Category=Data Quality ]

Source: iSixSigma, 28 February 2011 10:59:06, External 

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