ELI5: Explain Like I'm 5

Average with limited data validity

Okay kiddo, let's say you have some apples and you want to know how much they weigh on average. You don't have a scale, so you guess based on their size. But you only have five apples, so your guess might not be very accurate. That means your data is limited, or it doesn't tell the whole story.

But don't worry, you can still figure out an average weight for your apples, even if you don't have all the information. To do that, you add up the weights of all your apples and then divide by how many apples you have. So if your five apples weigh 2, 4, 3, 5, and 2 ounces, you add them all up (2+4+3+5+2=16) and then divide by 5 (because you have five apples). So the average weight of your apples is 3.2 ounces.

Now, you have to remember that your data is limited. You only have five apples, so your average weight might not be very accurate. But it's still a good estimate based on the information you have. It's like guessing how much snow will fall based on the size of a few snowflakes you catch in your hand. You might not be exactly right, but you can still make a pretty good guess.
Related topics others have asked about: