What Does AM Stand For?
AM stands for Arithmetic Mean
Arithmetic Mean (AM) is a statistical measure commonly used to calculate the average of a set of numbers. It is obtained by summing all the values in the dataset and dividing the total by the count of those values. The arithmetic mean is widely utilized in various fields, including finance, economics, and education, to provide a central tendency of data, helping to summarize and analyze numerical information effectively.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym