What is the difference between mean, median, and mode, and how do you calculate each?
Understanding the Difference Between Mean, Median, and Mode
In statistics, the mean, median, and mode serve as measures of central tendency, but they are calculated differently and offer unique insights into a dataset. The mean is the average of a set of numbers, calculated by adding all the values and dividing by the total count. The median is the middle value when the numbers are arranged in ascending order, and if there is an even number of values, it is the average of the middle two. The mode is the value that appears most frequently in the dataset. Each of these measures provides valuable information about the distribution of data.