How is median used in real life

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Barath Selvaraj. Zoya Sayed. Show More. Views Total views. Actions Shares. No notes for slide. The mean, median, and mode are often used by individuals who work in Human Resource departments at companies. The mean, median, and mode are often used by marketers to gain an understanding of how their advertisements perform. How Do Outliers Affect the Mean?

When to Use Mean vs. Your email address will not be published. Skip to content Menu. Posted on May 12, June 23, by Zach. Median: The middle value in a dataset. Mode: The most frequently occurring value s in a dataset. For example: Mean: Insurance analysts often calculate the mean age of the individuals they provide insurance for so they can know the average age of their customers.

This is where the measure of mode can be useful in the real world. It tells you what most of the pieces of data are doing within a set of information. The mean is commonly referred to as average, but it is not the only kind of average. The mean is often used in research, academics and in sports.

When you watch a baseball game and you see the player's batting average, that number represents the total number of hits divided by the number of times at bat. In other words, that number is the mean. In school, the final grade you get in a course is usually a mean. This mean represents the total number of points you scored in the class divided by the number of possible points.

This is the classic type of average — when your overall performance on many items is evaluated with a single number. Although the mean is the most common type of average, the median can also be used to express the average of a group. The median number in a group refers to the point where half the numbers are above the median and the other half are below it. You may hear about the median salary for a country or city. When the average income for a country is discussed, the median is most often used because it represents the middle of a group.

Mean allows very high or very low numbers to sway the outcome but median is an excellent measure of the center of a group of data.