Sunday, March 10, 2019

Difference Between Mean And Median

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
difference-mean-median


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)

Basis

Mean
Median
Introduction

Arithmetic average of given set of numbers
Numeric value that separates higher half and lower half of set of numbers
Denotes/Represents

Average value 
Middle value
Applicable For

Normal distribution
Skewed distribution
Type Of average

Arithmetic
Positional
Calculation

(Sum total of all values)
    Number of values
Selection of middle value

I hope this post is helpful to understand the difference between mean and median and to make comparison between them.