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Understanding Average, Mean, and Median

Average, mean, and median are various measures central to numerical data trends. These

measures often try to summarize the numerical data trends with a specific number that portrays a

‘typical’ point in a given numerical data set. The mean, which is also referred to as

the average, is often understood as the value found by the addition of all the data points in a

numerical set divided by the number of the set values. On the other hand, the median is the

central value in a data set arranged in descending order and a set that has odd value numbers. If

the data set has even value numbers, the median becomes the mean of the two central values.

Averages should be taken literally to provide accountability for all the values i...