“The mean house price is $200,000 (it’s actually the median).”
Usage Entry 534 / 1605 60-second read
Mean vs. Median
Arithmetic average versus middle value.
The comparisoni
“The median house price is $200,000.”
The ruleii
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MEAN = average. MEDIAN = middle value.
MEAN is the arithmetic average — sum divided by count. MEDIAN is the middle value when the data is sorted.
Memory aidiii
Remember it like this
Median is in the Middle."