What is Mean and it's importance?
In Statistics, the most commonly used measure of central tendency is the Mean. The word 'mean' is the statistical term used for the 'average'. The mean can be used to represent the typical value and therefore serves as a yardstick for all observations. For example, if we would like to know how many hours on average an employee spends at training in a year, we can find the mean training hours of a group of employees. One of the main importance of the mean from the other measures of central tendencies is that, mean takes into consideration all the elements in the given data. It calculates the average value of the set of data. It cannot be an accurate measurement for skewed distribution. If the mean is equal to the median, then the distribution is normal.
How to Calculate Mean of Data given Median and Mode?
Mean of Data given Median and Mode calculator uses Mean of Data = ((3*Median of Data)-Mode of Data)/2 to calculate the Mean of Data, Mean of Data given Median and Mode formula is defined as the average value of all the data points in a dataset. It represents the central tendency of the data, and calculated using the median and mode of the data. Mean of Data is denoted by Mean symbol.
How to calculate Mean of Data given Median and Mode using this online calculator? To use this online calculator for Mean of Data given Median and Mode, enter Median of Data (Median) & Mode of Data (Mode) and hit the calculate button. Here is how the Mean of Data given Median and Mode calculation can be explained with given input values -> 100.5 = ((3*70)-60)/2.