Is there anyway possible to guesstimate/estimate the average of a sample if you know just one of the sameple and its position when all available samples are arranged ascendingly and total number of samples.
example: lets say a student has scored 14.5 out of 25 in an exam in a class test and his rank is 4th out of 80 students, so is there anyway i can make a good approximation of what the average of the test could be?
You would need to know something about the variance of the set. Even to guesstimate. Using your example, what if all the students got 14.5 out of 25? What if 4 students got 14.5 and the rest got 25/25? You can see how the average can wildly fluctuate between those 2 cases.
With 80 students taking a test, you may be able to get away with Cental Limit Theorem, but that's a stretch if you ask me.
EDIT: I guess based on worst/best case scenarios, you could get an upper/lower bound for the mean.
So for your example the mean would be somewhere between 13.775 and 24.225, but I'm guessing you wanted something a bit more specific than that :p