To calculate the sample mean x-bar, each researcher sums all the calorie counts for each scoop of ice cream. Thus, each researcher has summed together 20 values. Each researcher then divides that sum by the number of numbers summed together, which in this example is 20.
DEFINITION of 'Base Currency'. The first currency quoted in a currency pair on forex. It is also typically considered the domestic currency or accounting currency.For accounting purposes, a firm may use the base currency to represent all profits and losses.It is sometimes referred to as the primary currency.he first currency quoted in a currency pair on forex. It is also typically considered the domestic currency or accounting currency. For accounting purposes, a firm may use the base currency to represent all profits and losses. It is sometimes referred to as the primary currency.
Also known as the offer, it's the price a seller is willing to sell at. The currency used as the base to quote a pair. For instance in the EURUSD pair, the EUR is the base currency, in the USDJPY, the USD is the base. Someone who believes the prices/market will decline. A market in which prices decline sharply against a background of widespread pessimism (opposite of Bull Market).