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Key Concept
The mean, median, and mode are measures of central tendency that summarize the data set
with a single value representing the center of the data.
Mean:
The mean is the average of all the data points.
Example: For the data set {2, 4, 6, 8}, the mean is (2+4+6+8)/4 = 20/4 = 5.
Median:
The median is the middle value when the data is ordered from least to greatest.
Example: In the ordered data set {3, 5, 7}, the median is 5. For an even number of
observations, such as {3, 5, 7, 9}, the median is the average of the two middle
numbers, (5+7)/2 = 6.
Mode:
The mode is the most frequently occurring value in the data set.
Example: In the data set {1, 2, 2, 3}, the mode is 2.