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Median Vs Average. Since age presumably can never be negative a lognormal distribution is probably a better description of it than normal so median E to the mean of the underlying normal is more useful. 668 divided by 9 74.
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Comparison of mean and median. The median value of 17 20 and 36 is 20. The mean is the average where the sum of all the numbers is divided by the total number of numbers whereas the median is the middle value in the list of given numbers numerically ordered from smallest to biggest and mode is the value of the number which occurs most often in the list.
Here the mean picks up the relatively high but infrequent salaries at 15000.
Many organizations target employee pay at either the average or median rate to ensure employees receive competitive compensation while the business is still managing overall costs. But what about average. Average is considered a better estimate of central value if the data is symmetrically distributed. Mode is used when there is a number with a large-scale difference in the set.
