Mean: A simple or arithmetic average of a range of values or quantities, computed by dividing the total of all values by the number of values. For example, the mean of 1, 2, 3, 4, and 5 is (15 ÷ 5) = 3. It is the most common and best general purpose measure of the mid-point (around which all other values cluster) of a set of values, but is prone to distortion by the presence of extreme values and may require the use of a measure of distortion (such as mean deviation or standard deviation). Also called arithmetic mean. Example 1: What is the Mean of these numbers? 6, 11, 7 · Add the numbers: 6 + 11 + 7 = 24 · Divide by how many numbers (there are 3 numbers): 24 / 3 = 8 Median: Value or quantity that falls halfway between a set of values arranged in an ascending or descending order. When the set contains an odd number of values, the median value is exac...

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