>1500 definition
>1500 means “greater than 1500”. There is one such sample. For calculating averages, it was assumed to have a value of 1500. Note that the inclusion of this one exceptionally high value in a data set skews the average towards a high value (sets a, b and d). The median is better than the average as an estimator of the central tendency of the silver values in those sets.
>1500 appearing in clause (a) of Section 6, clause (a) of Section 9, and clause (x) of Section 17 of the Security Agreement are hereby amended to read "1866".