The Average Puzzle
Suppose we have a set of N numbers, xi,
and I want to choose an "average" value x*. There are many
ways to define an average, but I have a particular requirement
in mind. How should I choose the average value so that
-
I get the smallest possible value for the sum of the
absolute values of the differences |xi-x*|;
-
I get the smallest possible value for the sum of the
squares of the differences (xi-x*)2;
-
I get the smallest possible value for the maximum of the
absolute values of the differences |xi-x*|;
Thanks to
Jim Fink
for asking this question.
I give up, show me the solution.
You can go back to the main puzzle page.
Last revised on 08 September 2005.