The median is the middle number in a sorted ascending or descending list. It can be more descriptive of the dataset than the ...
The mean is the most commonly used measure of average. To find the mean of a list of numbers, add them all together and divide by how many numbers there are: \(\text{mean} = \frac{\text{sum of all the ...
Averages are used all the time in finance, usually to justify performance (above average'). However, as an investor, youshould realise there are several ways to calculate an average.The three most ...
Understanding mean, median, mode and range is essential to be able to compare sets of data. Watch the video to hear Steph, a sports coach, talk about why collecting and comparing data is useful and ...
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