Mean = Σx / n
Sum of all values divided by number of values.
Middle value of sorted data
Average of two middle numbers if dataset size is even.
Most frequent value
The value appearing most often.
Mean, median and mode are measures of central tendency used to summarize datasets. They help understand the typical value within a dataset and are widely used in statistics, data science, economics and research analysis.
Mean is the average value calculated by dividing the total sum by the number of values.
Median represents the middle value while mean represents the average.