fbpx
Do you need customer support or technical assistance? Click here to submit a support ticket...

TOPIC: Mean vs Median vs Mode

Mean vs Median vs Mode 11 years 5 months ago #3246

  • Fadi Sodah
  • Fadi Sodah's Avatar Topic Author
  • Offline
  • Fresh Boarder
  • 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!

Mean vs Median vs Mode 11 years 5 months ago #3248

  • Cornelius Fichtner
  • Cornelius Fichtner's Avatar
  • Offline
  • Administrator
  • Administrator
  • President, OSP International LLC
  • Posts: 1992
  • Karma: 120
  • Thank you received: 615
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.
Until Next Time,
Cornelius Fichtner, PMP, CSM
President, OSP International LLC
Moderators: Yolanda MabutasMary Kathrine PaduaJohn Paul BugarinHarry ElstonJean KwandaDaniel SoerensenAlexander AnikinElena ZelenevskaiaBrent Lee

OSP INTERNATIONAL LLC
OSP INTERNATIONAL LLC
Training for Project Management Professional (PMP)®, PMI Agile Certified Practitioner (PMI-ACP)®, and Certified Associate in Project Management (CAPM)®

Login