Mean, Median and Mode - Measures of Central Tendency

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What are Measures of Central Tendency? Measures of Central Tendency are for example the mean, the median and the mode. The arithmetic mean is the sum of all observations divided by the number of observations. When the values in a data set are arranged in ascending order, the median is the middle value. The mode refers to the value or values that appear most frequently in a set of data.

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what a nice straight forward explanation

Terracotta-warriors_Sea
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You make this simple and interesting. I appreciate your effort. Thank you.

papakay
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Thank you for showing them side by side. I think that Mean is the most important of these three, and Median and Mode are not often needed at all (because often all of them have same value). Median is great with outliers in data, as you showed, so it also has its purpose. Mode is probably usable as the only possibility with categorical data, where mean should not be calculated.

Is there some other benefits/restrictions of having all these three?

mikahamari
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