How to Calculate Average
Learn different types of averages and when to use each.
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Mean
Sum of all values divided by count.
Mean = Sum / Count
Example
Values: 10, 20, 30, 40, 50
Mean = (10+20+30+40+50) / 5 = 30
Median
The middle value when data is ordered.
For even count: average of two middle values.
Mode
The most frequently occurring value.
When to Use
Mean: General purpose, symmetric data
Median: Data with outliers
Mode: Categorical data