Mean median mode midranges are the basic terms in mathematical statistics. Mean is used to find the average of set of numbers. Median is used to identify the middle value. Mode is used to identify the repeated value. Midrange is used to determine the quantity of middle range. In this article we have to learn about the formulas and definitions of Mean median mode midrange.
Mean is the one of the important statistical measure. It is determined with the help of following formula.
Mean=`"Sum of all values"/"Number of values"`
Mean is also mentioned as arithmetic mean otherwise average. Usually these values are decimal point values.
Median is the one of the important statistical measure. It is determined with the help of following steps. They are
First we have to write the given set of numbers in the format of ascending order or descending order
Now we have to count the number of values. Suppose it is odd, the middle value is known as median value otherwise we have to find the mean value for the middle two numbers that value is consider to be a median value.
Mode is the one of the important statistical measure. Mode is the value that value is repeated in the most number of times in the given numbers. Suppose two or more numbers repeated maximum number of times, then we have to consider all values are mode values. Suppose no values are repeated in the given set of numbers, then we have to consider no mode for that set of numbers.
Midrange is the one of the important statistical measure. For this first we have to find the largest and smallest values. Then we have to find the mean of that numbers. That value is known to be as midrange.