Once data has been collected, it can be sorted and processed in different ways depending on the purpose of the survey. Finding an average value – mean, median or mode- is often useful.

Property investors need to know the three main statistical metrics and how they each offer a unique perspective on market values.

Formula of Mean: Know to How to Calculate Median for Grouped, Ungrouped data along with solved examples, questions with solution.

The usual ordering of the mean, median and mode for a central chi square distribution is extended for the noncentral case. In this context, the mean is known to be additive, while it is shown that ...