Level: Level 16: Probability & Statistics
Topic: Mean, median, mode
Description:
Mean, median, and mode are measures of central tendency, which help us understand the "average" or typical value in a set of data. These values describe the middle or most common points in a data set.
The mean is what people usually refer to as the "average." It is calculated by adding up all the numbers in a data set and then dividing by the number of values in that set.
Formula for Mean:
Mean = (Sum of all values) / (Number of values)
Suppose we have the following set of numbers: 3, 5, 7, 9, 11. To find the mean:
The median is the middle number in a data set when the numbers are arranged in ascending (or descending) order. If there is an odd number of values, the median is the number in the center. If there is an even number of values, the median is the average of the two middle numbers.
Consider the following set of numbers: 3, 5, 7, 9, 11.
The mode is the number that appears most frequently in a data set. A data set can have:
Consider the set: 2, 4, 4, 6, 8.
- The mean is the average of the numbers.
- The median is the middle value in the ordered data set.
- The mode is the most frequent number in the data set.
These measures help us summarize and understand the data more easily. Depending on the situation, one measure may be more useful than the others.
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