The
formula N/2 to measure median is used in continuous series. While N/2+1 is
taken in individual and discrete series.
Median
and mode can be obtained by graphical method but mean cannot be.
Median
and mode are positional average whereas mean is a mathematical
average.
All
types of means are mathematical average.
A
dataset may have no mode and every value in the data set can be a modal value.
A
multi-modal data set is very difficult to analyse.
Grouping
method is used to calculate mode when a dataset has more than two modes.
Arraying
the data i.e. arranging the data in ascending or descending order is the first
step in calculation of median.
While
computing mean from a grouped data we assume that every value in a class is
equal to the mid-point.
Arithmetic
mean
is most affected by extreme value.
For
determining the average size of readymade garments mode is used.
Density
test is applied on Mode.
Median
is 50th percentile.
Most
uncertain average is mode because you may find many modes in any data
set.
A
median is simply the value of a middle item.
Median
or mode can be calculated from frequency distribution with open ended class.
Mean cannot be.
In
the calculation of mean, it is necessary to consider all values.
The
sum of squared deviations will be minimum if taken from Mean.
Phenomenon
like intelligence, honesty and beauty etc. can be measured with median
whereas average size of shoes and readymade garments can be measured by mode.
If
the maximum frequency is repeated then the mode is calculated by grouping,
Average
is the representative figure of the universe.
The
mean is mostly affected by extreme values.
Mode
and Median are positional average and cab be presented through a graph.
The
number of deviations below median equals the number of deviations above
it.
Value
of median is calculated on the graph with the help of Ogive.
In
an open ended distribution, arithmetic mean should be avoided as it is
not suitable.
The
sum of absolute deviation from median is minimum.
In
short cut method of computing arithmetic mean, the mean is obtained by adding
mean of the deviation to the assumed mean.
It
is not necessary that the value of arithmetic mean is present in the
series.
The
effect of sampling fluctuations will be minimum in an ideal average. An
ideal average is unaffected by extreme values.
Algebraic
analysis of median and mode is not possible.
Items
of more density is concentrated around the mode.