What are Mean, Median and Mode?  Statistics  Infinity Learn  Summary and Q&A
TL;DR
Learn the concepts of mean, median, and mode, which are used to find the central value in a set of numbers.
Key Insights
 😫 The mean is calculated by summing the values in a set and dividing by the count of values.
 😫 The median is the middle value in a set when arranged in ascending order.
 😫 The mode is the value that occurs most frequently in a set of numbers.
 🖕 Mean provides the average value, median shows the middle value, and mode represents the most frequent value.
 Arranging numbers in ascending order helps find the median.
 📳 Mean, median, and mode are different central tendency measures.
 😫 These measures help find the central value in a set of numbers from different perspectives.
Transcript
Look at this set of numbers. Twelve, sixteen, twelve, six, eighteen, two and four. Let's find out the arithmetic mean of these numbers first. We know that it equals the sum of values divided by the number of values. The sum of values would be 12 plus 16 plus 12 plus 6 plus 18 plus 2 plus 4. And there are 1, 2, 3 ,4, 5, 6 & 7. 7 values. We divide th... Read More
Questions & Answers
Q: How is the mean calculated in a set of numbers?
The mean is calculated by summing up the values in the set and dividing the sum by the count of values. It represents the average value of the set.
Q: How is the median determined in a set of numbers?
To find the median, the numbers in the set are arranged in ascending order. The median is then the middle value in the list. If there is an even number of values, the median is the average of the two middle values.
Q: What is the mode of a set of numbers?
The mode is the value that occurs most frequently in a set of numbers. It represents the value that appears with the highest frequency.
Q: Why do we have multiple central tendency measures like mean, median, and mode?
Each central tendency measure provides different insights about the set of numbers. The mean gives an average value, while the median provides the middle value, and the mode shows the most frequent value. These measures are applicable in different scenarios and help analyze data from multiple perspectives.
Summary & Key Takeaways

The content explains the concept of finding the mean by summing up the values and dividing by the count of values.

It introduces arranging values in ascending order to find the median, which is the middle value in the list.

The content also introduces the concept of mode, which is the value that occurs most frequently in the set of numbers.