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TOPIC: QuestionMean vs Median vs Mode

Mean vs Median vs Mode 4 years 10 months ago #3246

 Fadi Sodah Topic Author Offline Fresh Boarder Posts: 9 Thank you received: 0 Need Clarify the following: Mean = (1+1+2+3+4+7+10) / 7 = 4 ==>> Average Value Median = (1,1,2,3,4,7,10) =3 ===> numerical value separate higher from lower value Mode = (1,1,2,3,4,7,10) =1 ===> numerical value appears most often Am I correct or far away OFF! Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.

Mean vs Median vs Mode 4 years 10 months ago #3248

 Cornelius Fichtner Away Administrator PrepCast Instructor Posts: 1135 Karma: 36 Thank you received: 187 These are explained in detail in our formula study guide at www.pm-formulas.com : Mean/Average In mathematics, an average refers to a measure of the "middle" of a data set. The most common method is the arithmetic mean. That is why the “Average” is sometimes also and simply called the “Mean”. Median The middle value that separates the higher half from the lower half of the data set. Mode The most frequent value in a given data set. Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable. Until Next Time, Cornelius Fichtner, PMP, CSM President, OSP International LLC
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