Trimmed Mean Calculator

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Introduction to Trimmed Mean Calculator

The trimmed mean formula calculator is an online tool that can evaluate the trimmed mean for a given sample of data. It uses the trimmed mean formula by removing the small percentage of values from the top and bottom and then finding the average of the remaining values.

The trimmed or adjusted mean concept is important to stabilize economic data to get smooth results and a more realistic representation of the data. So you mostly use this concept in economics. It would help if you always had a tool to calculate the trimmed average for faster results easily. So here we introduce a tool that can help you find the average of any data set according to your requirements.

How is the Trimmed Mean Calculated?

The trimmed mean is calculated by removing a small percentage of values from the top and bottom of the sample date. It is estimated in two steps. Let’s see how the trimmed mean is calculated.

Suppose the data set 0,1,2,3,4,5,6,7 and the trimmed mean percentage is 20%.

Step I

Here we have

Sample size n=8

g = round (trimmed mean percentage × sample size)

g = round (20% × 8)

g = round(1.6) = 2

So we have to remove 2 values from top and bottom of the data set.

Sample data before removing = 0, 1, 2, 3, 4, 5, 6, 7

Sample data after removing = 2, 3, 4, 5

Step II

Now to calculate trimmed mean we will use the following formula:

$$ μ \;=\; \frac{\sum{X_i}}{n} $$ $$ μ \;=\; \frac{2+3+4+5}{4} \;=\; \frac{14}{4} $$

So the trimmed mean is:

$$ μ \;=\; 3.5 $$

The above formula is used by the trimmed mean calculator with steps to find the average of a data set with the given trimmed percentage. You can calculate and find the 5 percentage trimmed value with this calculator.

How to use a Truncated Mean Calculator?

There are some simple and easy steps to use this tool. These steps are:

  1. In the first step, you need to enter the sample data values in the “Enter Number of Element” box.
  2. Enter the trimmed percentage in the “Enter Trimmed Percent %” box.
  3. Click on the “Calculate” button.

You will get the solution for a given data set within a few moments of clicking the calculate button.

Why use the Trimmed Mean Percentage Calculator?

In statistics, there are many problems for which you have to use the concept of the trimmed mean. But you can’t use it before understanding and practicing. Or you may get stuck in the middle of a problem. So here, you need external help by which you can understand this concept and how to calculate the trimmed mean.

The trimmed mean formula calculator can help you when you are stabilizing data sets because you can clear your concept by using this tool. So it would help if you used this tool.

Benefits of using Trimmed Mean Statistical Calculator

In statistics and economics, the trimmed mean or average concept is used to collect information about the data set. The calculation of trimmed means by using the trimmed mean tool is more efficient because it has many beneficial uses in solving different problems. Some of these uses are:

  1. Trimmed mean percentage calculator can save your time from manual computations.
  2. It can handle any sampling date.
  3. Trimmed mean calculator can improve your analytical skills by explaining every term to calculate and find the 10 percent trimmed mean.
  4. It is a free online tool; you need not pay any fee.
  5. Trimmed mean formula calculator offers a step-by-step solution. So that the user can easily understand the concept used.
Alan Walker

Alan Walker

Last Updated June 02, 2022

Studies mathematics sciences, and Technology. Tech geek and a content writer. Wikipedia addict who wants to know everything. Loves traveling, nature, reading. Math and Technology have done their part, and now it's the time for us to get benefits.