A few days ago
Mae

# When do we use mean, median and mode?

When do we use mean, median and mode?

A few days ago
hem n

These are statistical tools: We use them when we want to find the trend. Data is collected historically and inferences are made.

These all are measures of central tendancy – a single value that attempts to quantify the “average” value around which the values in a data set tend to cluster.

1. We use mean or average when we want to find average purchase or sale price of a product. There is arthmatic mean, geometric mean and weighted mean

2. Median is used to find the value of the middle item in a data set, when the data are arrayed from the lowest to the highest value.

3. Mode is the most frequently occuring value in the data set

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A few days ago
Kelli
In regard to what subject? They are all measures of central tendency, used to extrapolate information about the performace of a set or group, but without knowing more about what you are studying, I am not sure how to answer further.
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