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What is the difference between the mean, median, and mode?

Answer
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Hint: We need to find the difference between the mean, median, and mode. We start to solve the given question by defining the terms mean, median, and mode. Then, we find the differences between the mean, median, and mode through examples to get the desired result.

Complete step by step answer:
We are asked to find out the differences between the mean, median, and mode. We will be solving the given question by defining the terms and finding out the differences between them through examples.
The concept of mean is widely used in mathematics and statistics. It is the average of two or more numbers.
The mean is also referred to as arithmetic mean and is given as follows,
mean=1ni=1nai
Here,
n is the number of values
ai is the data set values.
In simple terms, It is defined as the ratio of the sum of all the values in a set of numbers to the total number of values.
Writing the above lines in the form of the equation, we get,
Mean = sum of all the termstotal number of terms
The median is the middlemost number of the data set. It is the center value in a sorted list of numbers. The median is the mid-value in the sorted list of numbers.
We must arrange the given numbers in ascending order before computing the median for the data. The formula of median depends upon the total number of observations(n).
If n is odd, then median=(n+12)thterm
If n is even, then median=((n2)thterm+((n2)+1)thterm)2
The mode is the value that has a higher frequency in the data set. In simple terms, it is the value that appears more often in the data set.
Let us understand the concept of mean, median, and mode through an example.
Example:
Find the mean, median, and mode of the 1, 4, 6, 4, 5.
In our case,
total no of observations = 5
We know that the mean the ratio of the sum of all the values in a set of numbers to the total number of values.
Writing the above in the form of the equation, we get,
Mean = sum of all the termstotal number of terms
Substituting the values in the above equation, we get,
Mean = 1+4+6+4+55
Simplifying the above equation, we get,
Mean = 205
Canceling the common terms, we get,
Mean = 4
Arranging the observations in the ascending order, we get,
1,4,4,5,6
In our case, the total number of observations is odd. The formula of the median is given as follows,
median=(n+12)thterm
Substituting the value n = 5 in the above equation, we get,
median=(5+12)thterm
Simplifying the above equation, we get,
median=(62)thterm
Canceling the common factors, we get.
median=3rdterm
From the above,
median=4
In the given data set, the number 4 has the highest frequency in the set. So,
mode=4

Note: The mean, median, and mode are used to measure the central location of the data set. In statistics, the relationship between the mean, mode, and median is given by Mode=3Median2Mean .
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