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But calculating the average probability for a group is much easier than calculating the same probability for any individual.
ECONOMIST: Crime prediction
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What product models should be collapsed together and treated as a single model for purposes of calculating average prices?
FORBES: Protectionist Antidumping Regime is a Pox on America's Glass House
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But in fact, the main reason for the two indices rising at different rates is because they use different arithmetical methods for calculating average prices.
BBC: New inflation measure proposed
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Instead, in March 2013 it will launch an additional index called RPIJ, a new version of the RPI index but using the same methods as CPI for calculating average prices.
BBC: Q&A: Inflation changes
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Which sales should be included in calculating average prices?
FORBES: Protectionist Antidumping Regime is a Pox on America's Glass House
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The statistic is computed by calculating the average number of putts a PGA TOUR player is expected to take from every distance, based on ShotLink data from the previous season.
FORBES: PGA Tour Unveils New Putting Statistic
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To appreciate the affront to fairness and mathematical integrity that zeroing represents, recall that antidumping duty rates are determined by calculating a weighted average dumping margin, which derives from individual dumping margins calculated for multiple comparisons.
FORBES: Protectionist Antidumping Regime is a Pox on America's Glass House
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Gross domestic income, or the money earned by the people, businesses and government agencies whose purchases go into calculating growth, rose at an average 2.8% annual rate from April through September after climbing 4.3% in the previous six months, according to Commerce Department data released on Nov. 22.
FORBES: Have American Shoppers Lost Their Minds?
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The authors propose closing this loophole by calculating benefits for immigrants based on their average wages while in the United States.
ECONOMIST: Save Social Security? Here��s a thought