Difference Between Mean And Median
The major dissimilarities or difference between mean and median can be highlighted as follows:
1. Introduction
Mean: It is an arithmetic average of numbers of given set
Median: it is a numeric value of the set which separates higher half from the lower half
2. Represents
Mean: It represents the average value of a set of data
Median: It represents the middle value of the set of data
3. Applicable
Mean: It is applicable for normal distribution
Median: It is applicable for skewed distribution
4. Type Of Average
Mean: It denotes arithmetical average
Median: It denotes positional average
5. Calculation
Mean: It can be calculated by adding total values of the set and dividing by the number of values.
Median: Selecting the middle from the set (50% of the values should be less than median and other 50 % values should be greater than median.)
6. Example
Mean: 2,3,4,5,6,7,8,
Then, Mean = (2+3+4+5+6+7+8)/7 = 5
Median: 3, 4, 7, 8, 9
Then, Median = 7 because it exactly lies in the middle of set.
Mean Vs Median (Comparison Chart)
I hope this post is helpful to understand the difference between mean and median and to make comparison between them.
Mean Vs Median (Comparison Chart)
Basis
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Mean
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Median
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Introduction
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Arithmetic average of given set of numbers
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Numeric value that separates higher half and lower half of set of numbers
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Denotes/Represents
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Middle value
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Applicable For
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Normal distribution
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Skewed distribution
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Type Of average
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Arithmetic
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Positional
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Calculation
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(Sum total of all values)
Number of values
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Selection of middle value
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I hope this post is helpful to understand the difference between mean and median and to make comparison between them.