First, you can calculate the mean. Let's say you have five FTSE 100 readings on consecutive days. They are 4,800, 4,900, 4,700, 4,800 and 5,100. The mean is the sum of the readings (24,300 ...

An animated guide to mean, median and mode. The Clappy Boys need to have the right average age to be accepted for a recording contract. This clip demonstrates that the different types of average ...

The mode is a statistical term for the value that occurs most frequently in a set of numbers. Learn about the difference between the mean, median, and mode.

The median is the middle number in a sorted ascending or descending list. It can be more descriptive of the dataset than the average. It’s quite different from the mean.