What is mean value in SAP QM - Quality Management?

SAP Term: mean value

• Component: QM

• Component Name: Quality Management

• Description: The arithmetical mean value. The sum of the values taken into consideration divided by the number of values gives the mean value of the tolerance range.

Smart SAP Assistant

• Key Concepts: 
  Mean value is a statistical term used in Quality Management (QM) in SAP. It is the average of a set of values, calculated by adding all the values together and dividing by the number of values. It is used to measure the central tendency of a set of data. 
  
  How to use it: 
  In SAP QM, mean value is used to measure the central tendency of a set of data. This can be done by calculating the average of all the values in the set. To do this, add all the values together and divide by the number of values. 
  
  Tips & Tricks: 
  When calculating mean value, it is important to remember that outliers can have an effect on the result. If there are any outliers in the data set, it is best to remove them before calculating the mean value. 
  
  Related Information: 
  Mean value is one of several statistical terms used in Quality Management (QM) in SAP. Other terms include median, mode, standard deviation, and variance.