This paper is about the impact of the Renaissance on Italy, specifically about the economic aspect. In order to have a deeper understanding about the advent of the Italian Renaissance, the late Middle ages of Europe will be briefly touched.
Mx = M M is the greek letter mu, by the way. Statistically speaking, an average of averages within a sample is said to very closely approximate the population average. However, where the sample size is under 30, there needs to be an adjustment for size.he mean is the average you're used to, where you add up all the numbers and then divide by the number of numbers. The median is the middle value in the list of numbers. To find the median, your numbers have to be listed in numerical order, so you may have to rewrite your list first.
Therefore the mean is not the best 'average' to use in this case. The median, on the other hand, really is the middle value. 50% of values are above it, and 50% below it. So when the data is not symmetrical, this is the form of 'average' that gives a better idea of any general tendency in the data. The same report from the IFS states that median real household incomes rose for the same period by 0.5%.