High School Name for particular statistical measure

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SUMMARY

The discussion centers on the lack of a specific name for the arithmetic mean of values greater than the overall arithmetic mean. Participants highlight that while no established term exists for this measure, it resembles the concept of conditional expectation, denoted as E[X | X > μ]. Additionally, the discussion references the median and its relationship to the arithmetic mean, particularly in skewed distributions, where the median serves as a more stable measure. The term "mean positive deviation" is suggested for further exploration of related concepts.

PREREQUISITES
  • Understanding of arithmetic mean and its calculation
  • Familiarity with statistical measures such as median and quartiles
  • Knowledge of conditional expectation in probability theory
  • Basic concepts of data skewness and its impact on statistical measures
NEXT STEPS
  • Research the concept of conditional expectation in statistics
  • Explore the implications of using median versus mean in skewed distributions
  • Investigate the term "mean positive deviation" and its applications
  • Study the calculation and interpretation of quartiles and percentiles
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Statisticians, data analysts, and researchers interested in advanced statistical measures and their implications in data analysis.

onomatomanic
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Given a list of values, one calculates the arithmetic mean of those values which are greater than the arithmetic mean of all values. Is there an established name for that quantity?
 
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onomatomanic said:
Given a list of values, one calculates the arithmetic mean of those values which are greater than the arithmetic mean of all values. Is there an established name for that quantity?

I've never heard of such a thing, but in reporting many types of statistics, such as income, it's common to divide the population into subpopulations (often quintiles, for some reason) and give the mean for each subpopulation separately. That gives a lot more information than just given means, because a single billionaire can skew the mean.
 
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onomatomanic said:
Given a list of values, one calculates the arithmetic mean of those values which are greater than the arithmetic mean of all values. Is there an established name for that quantity?

Closest thing is the median of the values that are greater than the median.
That is the third quartile, or 75th percentile.
The median is usually close to the arithmetic mean, and in particular it is not noticeably impacted by stevendaryl's single billionaire.
The cases where the median is significantly different from the arithmetic mean, are the cases where we shouldn't use the arithmetic mean.

I believe there is no word for the arithmetic mean of the values greater than the arithmetic mean.
 
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you could call it a conditional expectation, like ##E[X \vert X\gt \mu]##
 
onomatomanic said:
Is there an established name for that quantity?

If your goal is to look up articles about such a measure, search on "mean positive deviation", which is a related concept.
 
If there are an infinite number of natural numbers, and an infinite number of fractions in between any two natural numbers, and an infinite number of fractions in between any two of those fractions, and an infinite number of fractions in between any two of those fractions, and an infinite number of fractions in between any two of those fractions, and... then that must mean that there are not only infinite infinities, but an infinite number of those infinities. and an infinite number of those...

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