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What is the significance of μ in psychological and educational statistics?
μ represents "micro" as an additional unit,

μ, or micro-,is the prefix of the international system of units, meaning 10? 6, one in a million. Its etymology is Greek μ ι κ ρ? (mikrós), the representative symbol is the Greek letter μ(mu). When it can only be expressed in Latin letters, the international system of units allows the letter U to be used instead.