What is the difference between average, mean, median, and mode?
Mean (or arithmetic mean) is a type of average. It is computed by adding the values and dividing by the number of values. Average is a synonym for arithmetic mean – which is the value obtained by dividing the sum of a set of quantities by the number of quantities in the set. An example is (3 + 4 + 5) ÷ 3 = 4. The average or mean is 4. Two other common forms of averages are the median and mode. The median is the middle value of the set when they are ordered by rank – or the […]
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