Application of Mean, Median & Mode
- Mean, median & mode shows different perspective of same data.
- Mean gives average of the data. All data is given equal importance. It is used in case where all data is important. E.g. Average salary of employees in an organization
- Median is used to find middle most data. It is used to determine a point from where 50% of data is more & 50% data is less. It is used where extreme cases can be ignored. E.g. To find the performance of a cricketer where his worst & best extreme performance can be ignored to give his consistent performance.
- Mode is used where we need to find the most frequent data. E.g. if we need to find the most favorite Subject of students in a given class, mode can be used.