X(1), X(2), ..., *(n). The sample truncated ider the sample data values X1, X2, ..., Xn and the associated sample order statistics ..... Xon). The sample truncated mean (also known as the sample trimmed mean) is a measure of central tendency defined as (k+1) + X(+2) +...+xn_) n-2k This is the arithmetic average of the data values with the k lowest and k highest observations removed. The truncated mean is less sensitive to outliers than the arithmetic mean and is hence known as a robust estimator. This estimator is used in sports that are evaluated by a panel of n judges in which the lowest and highest scores (k = 1) are discarded. Likewise, the truncated mean is used in calculating the London Interbank Offered Rate (LIBOR) when n = 18 interest rates are collected, and the lowest four and highest four interest rates (k = 4) are discarded. Assuming that k
tmean(c(9.4, 9.6, 9.1, 9.5, 9.3), 1) > tmean (1:18, 4) un nomad movave X(1), X(2), ..., *(n). The sample truncated ider the sample data values X1, X2, ..., Xn and the associated sample order statistics ..... Xon). The sample truncated mean (also known as the sample trimmed mean) is a measure of central tendency defined as (k+1) + X(+2) +...+xn_) n-2k This is the arithmetic average of the data values with the k lowest and k highest observations removed. The truncated mean is less sensitive to outliers than the arithmetic mean and is hence known as a robust estimator. This estimator is used in sports that are evaluated by a panel of n judges in which the lowest and highest scores (k = 1) are discarded. Likewise, the truncated mean is used in calculating the London Interbank Offered Rate (LIBOR) when n = 18 interest rates are collected, and the lowest four and highest four interest rates (k = 4) are discarded. Assuming that k tmean(c(9.4, 9.6, 9.1, 9.5, 9.3), 1) > tmean (1:18, 4) un nomad movave<><>