Talking about central tendencies, in which cases the median and the mode can be more useful than the mean? Illustrate through real life examples.
•Definition of different central tendencies
The notion of central tendencies represents the average of the set of values.
It is a basis calculation when you have to analyze a series of values. However, you have to pay attention because there exists three types of central tendencies. In each case, the result is different because the calculation is not exactly the same.
The average that everybody knows is the mean. It is the result of the sum of the values divided by the number of values (generally named N).
The median is determined by the central value of the range. The way to find it is different depending on the number of total values. In fact, if the value' number of the series is odd, then the median of the series will be corresponding to the middle value. If the value' number of the series is even, then the median of the series will be corresponding to the mean of the two middle value of the series.
The mode is defined by the value that happens more frequently in a series of data.
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